Carney says banks should follow the Canadian example in rebuilding trust

mary-carney08

Foreign banks should look to the Canadian example to regain the public's trust, according to Mark Carney, governor of the Bank of Canada.

Addressing an audience at the Richard Ivey School of Business on February 25, Carney said a drop in the ratio of the money supply to the monetary base in many countries was an indication of declining trust. "In contrast, in Canada, where trust in the system has, if anything, increased, the ratio has risen by 22%," he said.

Carney identified five areas in which

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: