BOE’s Carney Says FIFA ’Lost Sight’ of Duty of Accountability

World Bank Group & International Monetary Fund Annual Fall Meetings

Mark Carney

Photographer: Guillermo Gutierrez/Bloomberg

Bank of England Governor Mark Carney says that FIFA, soccer’s besieged governing body, “lost sight” of the fact that it should be accountable globally.

FIFA “is a four-letter word,” Carney jokingly told a panel in Lima with IMF head Christine Lagarde and Brazilian Finance Minister Joaquim Levy.

“Ultimately it is about accountability to global citizens,” he said. “It’s a pretty mild criticism to say FIFA lost sight of that.”

FIFA’s President Joseph “Sepp” Blatter and two men seeking to replace him were suspended by the organization’s ethics panel as a widening corruption probe spread across the organization’s members.

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