This timely speech rightly recognises that some banks may have lost sight of their core values and is a thoughtful assessment of the critical steps that need to be taken to restore confidence in the banking system.
A healthy and respected banking system is essential to support economic growth. Businesses want banks to provide transparent and straight-forward products and services, and a culture that is built around the customer.
We all want to see our banks re-build public trust, re-define their core values and live by them, as the best banks do.
More top news
Wayne Rooney and his wife Coleen are expecting their fourth child, the couple have announced.
As the silence came to an end the crowd began to applaud and people shouted "I am not afraid!" in defiance of the attacks.
Italian Bruno Gulotta, 35, and Belgian mother Elke Vanbockrijck have been confirmed among the dead after a van mowed through crowds.