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

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

Assessment

Interactive Video

Business

University

Hard

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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.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is Mark Carney's current perspective on bankers compared to a few years ago?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How is the financial system changing to hold bad apples accountable?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What role does the City of London play in the UK economy according to the text?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

How do students at Manchester Business School view a career in banking?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What challenges do banks face in terms of reputation as mentioned in the text?

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