Carney Says Bankers Must Improve Conduct or Face Clampdown
Mark Carney, governor of the Bank of England.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
Bank of England Governor Mark Carney ordered the finance industry to observe new rules on market conduct and threatened an even tougher regime if traders and bankers fail to comply.
His comments came as the BOE published the Fair and Effective Markets Review in London Wednesday, which recommends a new code of practice and longer jail terms for infractions. He said individuals must be “held to account” and firms must also take greater responsibility.