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New UK code will hold bankers to account for misconduct

Osborne, Carney set to unveil details of Fair and Effective Markets Review on Wednesday

(From left) Mr Osborne and Mr Carney with US Treasury Secretary Jacob Lew at a Dresden meeting in May where G-7 finance ministers decided to draw up a new global code of conduct for bankers.


MARK Carney and George Osborne are making it personal.

Seven years after the UK bailed out some of its biggest lenders, the Bank of England (BOE) governor and Chancellor of the Exchequer have turned their focus to the behaviour of individuals. That caps a regulatory shift