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
Cloud spoiling full blown blue skies
Millions turned out to vote in the local elections - here are the results.
A man caught swearing at a speed camera has been jailed for perverting the course of justice after trying to dodge 69 speeding charges