Mark Carney: The high road to a responsible, open financial system

Speech by Mr Mark Carney, Governor of the Bank of England and Chairman of the Financial Stability Board, at Thomson Reuters, London, 7 April 2017.

The views expressed in this speech are those of the speaker and not the view of the BIS.

I. Introduction

The United Kingdom has been at the heart of the global economy for centuries. Throughout that period, the City has channelled the life blood of the world economy, finance.
London emerged as the world's leading financial centre at the end of the 18th century, overtaking Amsterdam, as Britain became the dominant economy.