Carney Holds U.K. Bankers to Account in Conduct Overhaul - Bloomberg Business:
"Mark Carney and George Osborne are making it personal.
Seven years after the U.K. bailed out some of its biggest lenders, the Bank of England governor and chancellor of the Exchequer have turned their focus to the behavior of individuals. That caps a regulatory shift away from stabilizing balance sheets to making the people behind them accountable through rules on pay, management structures and boards.
As Osborne and Carney prepare to take their case to bankers in two days at the Mansion House dinner in the heart of London’s financial district, they’ll release their overhaul of market conduct. The Fair and Effective Markets Review, announced a year ago at the same event, is an attempt to stamp out misconduct such as benchmark rigging that has eroded confidence in the financial industry and seen banks pay out billions in fines."
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