Buckingham Palace announces Order of the Garter honours

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The Order of the Garter is the oldest and most important British order of chivalry. It was founded by Edward III in 1348. Each knight has on display a banner of their arms in St George's Chapel, Windsor.

Buckingham Palace has announced that the former heads of the Bank of England and MI5 have been appointed to the Order of the Garter by the Queen.

Mervyn King was made Knight Companion and Eliza Manningham-Buller was appointed Lady Companion of the Most Noble Order of the Garter.

Baron King and Baroness Manningham-Buller fill two of the three vacancies that were open due to the deaths of Baroness Thatcher, Lord Kingsdown and Viscount Ridley. The number of Companions no stands at 23 out of the 24 allowed.

Those chosen for the honour have held public office, contributed to national life or served the sovereign personally.

More: Buckingham Palace announces Order of the Garter honours | Royal Central