Mark Carney has urged G20 members to continue a "big push" for banking reforms, after suggesting that legislators maybe tiring of financial regulation.
Carney, governor of the Bank of England and chair of the Financial Stability board (FSB), said that political criticism was arising as countries moved from a focus on stability to growth. At an Institute of International Finance meeting this week Carney said: “I worry about reform fatigue, not surprisingly, both at the FSB and more generally.” The FSB draws together central bankers and finance ministries from around the G20 and is meeting during a broader G20 summit in Istanbul to discuss further regulation of the finance markets. The measures already implemented by the FSB have...
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