New UK code will hold bankers to account for misconduct

London

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 away from stabilising balance sheets to making the people behind them accountable through rules on pay, management structures and boards.