Jailing bankers will not fix bad behaviour, says Mark Carney

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 DAILY TELEGRAPH By Szu Ping Chan8:00PM BST 27 May 2014
Mark Carney, Governor of the Bank of England, says fundamental flaws in the industry can only be resolved by changing how markets operate.

Jailing bankers for market manipulation or clawing back pay and bonuses will not be enough to curb future misbehaviour or restore public trust in the financial system, the Governor of the Bank of England has said.Despite a new crackdown on reckless bankers, Mark Carney said fundamental flaws in the industry could only be resolved by changing how markets operate. Read more

 Category: Bank Crime, Uncategorized    

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