Carney: Insurance execs to be held as accountable as senior bankers

Reforms the Bank is working on for top bank staff will be extended to include managers of insurers, Carney wrote in a comment piece in The Times on Thursday. Integrity, honesty and skill are imperatives regardless of whether senior staff work at banks, building societies or insurers, he wrote. "So alongside reforms that Parliament has asked us to make to hold senior bankers to account, we will create a similar regime for senior managers in the insurance industry," Carney wrote. Though insurers were less affected by the financial crisis beginning in 2008 than other parts of the fina...