Description: Mark Carney wants more “we” and less “me” in global finance. The financial crisis and trading scandals revealed how banks lost their way and staff operated for personal gain without regard to their impact on society, the Bank of England Governor said in a speech yesterday. Rules to prevent such behavior should embody the idea that firms and employees bear responsibility to the system in which they function, he said.
Date: May 27, 2014
Questions for Discussions:
- Summarize the issues presented in the report?
- What do you think the responses are likely to be from parties involved?