‘Radical’ banking reform needed: Carney

 CBC News

The time for debate is nearing an end and banks should prepare for radical reforms to the world financial system that will aid the economic recovery, Bank of Canada governor Mark Carney says.

In a key address to international securities regulators in Montreal, the central banker outlines a series of reforms he says G20 leaders are preparing to approve at summits in Toronto later this month and Korea in November.

The Bank of Canada released an advance copy of the speech.

Read more: http://www.cbc.ca/money/story/2010/06/10/carney-risk-reform.html#ixzz0qSYFpfHC

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