Bank of Canada governor Carney MUST blow the whistle on misbehaving, global banks!
OTTAWA - Bank of Canada governor Mark Carney says he is willing to blow the whistle on banks that break international norms or don't comply with reforms designed to prevent a repeat of the 2008 financial crisis.
In a BBC interview broadcast Thursday morning London time, the Canadian central banker said recent scandals have delivered "some hits" to the reputation of the banking system, adding that it is essential that confidence be restored. "
One of the things we're doing as international regulators ... is not just designing rules but we're auditing the countries from the U.K. to Canada to China to see whether they're actually implementing these new rules," he said, speaking in his dual role of head of the Swiss-based Financial Stability Board. "
And if they don't, we're going straight to the top. We're going to the leaders of the G20, and we're going to the media and the general public, and we're letting people know who's on track and who's lagging behind."
Winnipeg Free Press
Oh .. speak of the 'devil' .... 'TD Bank staff knew about $1.2B Ponzi scheme': says U.S. judge