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MAY 19, 2013 - The Guardian

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Sir Mervyn King: don't demonise bankers

Outgoing Bank of England governor blames regulatory failure for banking crisis and not individualsThe outgoing governor of the Bank of England has called on the British people not to "demonise" bankers for the financial crisis.Sir Mervyn King said on Sunday that the failings of the financial and regulatory system were the root cause of the turmoil which struck the world economy almost six years ago.King, who leaves the Bank this summer, told Sky News's Murnaghan programme that there was widespread risk-taking in the runup to the credit crunch, and it had been a mistake to give the banking ... Read More

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