For any bankers hoping the new Governor of the Bank ofEngland will take a friendlier approach to their industry, they might have to think again.
Mark Carney, speaking in Canada tonight, has warned that far from the banks moving towards the end of a painful period, "the time for remorse is far from over".
He acknowledges that there has been some progress and many banks have cleaned up their act.
But says banks must "participate actively in reform..not fight it".
If any in the City were expecting this former Goldman Sachs banker to be sympathetic to their plight, they may well be disappointed.