Trust in financial system needs rebuilding, Carney says

02/26/2013 | Reuters

Mark Carney, governor of the Bank of Canada and head of the Financial Stability Board, says banks and regulators need to ramp up efforts to rebuild trust in the financial industry. "Virtue cannot be regulated. Even the strongest supervision cannot guarantee good conduct," said Carney, who is set to become governor of the Bank of England. "Essential will be the rediscovery of core values, and ultimately this is a question of individual responsibility."

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