Picture: Mark Carney arrives for his first day at work

Today marks the start of the second half of 2013 and the arrival of Mark Carney at the Old Lady. The Bank of England's photo (left) reminds us a little of those first day at school shots parents are so keen on.

It's been a turbulent six months for the UK's FTSE 100 index and the pound, and we're hoping that Carney can help to revive the UK's economy.

What we know, and what to expect from the man who takes over from Sir Mervyn Kng:

Carney is expected to radically change the way the Bank operates, making it less autocratic and adopting a more open media approach than his predecessors.

He is also considering giving greater long-term guidance about the direction of interest rates and monetary policy to boost transparency and help markets plan more accurately.

Carney’s reforms will, in part, reflect the enormous expansion in the Bank’s powers under his predecessor Sir Mervyn King, which culminated in the decision to hand it back regulatory control over swathes of the financial services industry.

Best of luck Mark!