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Canadian central bank rebukes banks.

Global Banking News-27 October 2009-Canadian central bank rebukes banks(C)2009 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 27 October 2009(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

The central bank of Canada has rebuked commercial banks for possible 'arrogant' behaviour.

The head of Canada's central bank said the global financial industry is in danger of becoming arrogant by resisting regulatory change and handing out bonuses even though they took assistance from the government.

Bank of Canada governor, Mark Carney has warned bankers on Monday not to underestimate the determination of G20 countries to enforce new rules on executive pay and bank capitalization.

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Publication:Global Banking News (GBN)
Date:Oct 27, 2009
Words:129
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