Darling calls for bank 'culture change'

clock

Chancellor Alistair Darling last night expressed confidence Britain was on the road to economic recovery but warned the financial sector could not return to 'business as usual' and a 'culture change' for banks was essential.

Speaking at the annual Mansion House address, the Chancellor said while there were still many challenges to be faced he believed the measures put in place by the Government and the Bank of England were now supporting the financial system. Darling also praised other world leaders for the steps they had taken to stabilise their own economies and help progress economic recovery globally. "There is growing evidence the steps taken at home and internationally are stabilising the banking system and supporting our economies," said Darling. However, Darling said there is still more for the G2...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Popularity of SDR 'Sustainability Focus' grows as two Aegon AM funds adopt label

Popularity of SDR 'Sustainability Focus' grows as two Aegon AM funds adopt label

By end of March 2025

Cristian Angeloni
clock 09 January 2025 • 2 min read
Average DB transfer complainant to receive no compensation

Average DB transfer complainant to receive no compensation

Broadstone’s DB Redress Tracker shows typical redress compensation continues to fall

Jasmine Urquhart
clock 09 January 2025 • 1 min read
Attivo Investments partners with SEI to launch goal-based MPS

Attivo Investments partners with SEI to launch goal-based MPS

Stephen Harper leads the business as CEO

Sahar Nazir
clock 09 January 2025 • 1 min read