Home

Headlines Weather Search

News

Sports

Business

World

Radio

Radio Fiji One Mirchi FM Gold FM Bula FM 2Day FM Radio Fiji Two

TV

FBC TV FBC Sports FBC 2

World

Carney seeks tougher sentences for 'irresponsible' traders

June 10, 2015 6:06 pm

Bank of England governor Mark Carney will call for longer prison sentences for bankers who break the law in an attack on ethics in the City later.

In his Mansion House speech Mr Carney will say individuals acted with a “culture of impunity”.

But he will warn: “The age of irresponsibility is over.”

Article continues after advertisement

Meanwhile, Chancellor George Osborne will say he plans to bind future governments to maintaining a budget surplus when the economy is growing.

Mr Osborne will give the Mansion House audience more details of the proposal he first announced in January.

Mr Carney will say markets responsible for trillions of pounds of global trade were stained by excess, collusion and abuse and “ethical drift” had taken hold.

“Criminal sanctions should be updated, with market abuse rules similarly extended and maximum prison terms lengthened,” he will add.

Keep Connected With The Latest News, Weather, And Sports on Fiji's Best Radio stations.

Live Tune In
  • 95.4 FM
  • Suva, Nadi, Lautoka, Labasa
  • 95.2 FM
  • Sigatoka, Ba
  • 95.6 FM
  • Tavua
  • 95.8 FM
  • Rakiraki
Live Tune In
  • 102.6 FM
  • Suva, Nadi, Lautoka, Labasa
  • 102.4 FM
  • Sigatoka, Ba
  • 102.8 FM
  • Tavua
  • 103.0 FM
  • Rakiraki
Live Tune In
  • 97.8 FM
  • Suva, Nadi, Lautoka, Labasa
  • 97.6 FM
  • Sigatoka, Ba
  • 98.0 FM
  • Tavua
  • 98.2 FM
  • Rakiraki
Live Tune In
  • 93.0 FM
  • Suva, Nadi, Lautoka, Labasa
  • 92.8 FM
  • Sigatoka, Ba
  • 93.2 FM
  • Tavua
  • 93.4 FM
  • Rakiraki
Live Tune In
  • 100.2 FM
  • Suva, Nadi, Lautoka, Labasa
  • 100.0 FM
  • Sigatoka, Ba
  • 100.4 FM
  • Tavua
  • 100.6 FM
  • Rakiraki
Live Tune In
  • 105.0 FM
  • Suva, Nadi, Lautoka, Labasa
  • 104.8 FM
  • Sigatoka, Ba
  • 105.2 FM
  • Tavua
  • 105.4 FM
  • Rakiraki