Bank of England Governor Mark Carney pledges to end "the age of irresponsibility" in the City of London

The video discusses the evolving perception of bankers, highlighting Mark Carney's view that respect for financiers is growing, provided they behave responsibly. It addresses the loss of trust in the banking industry and efforts by the Bank of England and the Banking Standards Board to restore it. The economic significance of the financial sector is emphasized, with predictions of its growth by 2050. The video also explores the future of banking careers, noting a shift in reputation and the importance of contributing positively to society. Despite challenges, the finance sector remains crucial to the UK economy.

What is Mark Carney's stance on financiers?

• They should be ignored.

• They are beyond redemption.

• They should be completely distrusted.

• They should be respected if they behave well.

What is the purpose of the Bank of England's Open Forum?

• To celebrate the success of bankers.

• To discuss the future of the financial system openly.

• To criticize the financial sector.

• To promote investment in the stock market.

How does the Banking Standards Board aim to contribute to the financial sector?

• By reducing the number of banks.

• By promoting international banking.

• By resolving trust issues in the banking industry.

• By increasing profits for banks.

What is the attitude of students at Manchester Business School towards a career in finance?

• They are discouraged by the current reputation of banks.

• They are determined to pursue a career in high finance.

• They prefer careers in technology.

• They are indifferent to the banking sector.

What has changed about the perception of finance as a career choice for management graduates?

• It is only popular among international students.

• It has always been unpopular.

• It is no longer the top choice for many.

• It is now the most popular choice.