Bank reforms proving a net benefit for growth and job creation, says Carney

MONTREAL- Bank of Canada governor Mark Carney says there is evidence that reforms being imposed on the world’s largest banks — often against their will — are contributing to economic growth and job creation, rather than the opposite as critics claim.

Canada’s top central banker, who holds the prestigious position of head of the Financial Stability Board overseeing international reform of the sector, said he will insist on timely and consistent implementation of agreed reforms.

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