We must build a financial system that serves society, not the other way around.
Analysis
The statement aligns with Carney's remarks at the 2020 World Economic Forum, where he emphasized the need for financial systems to prioritize societal well-being over narrow self-interest. His speech critiqued short-termism in finance and called for sustainable, inclusive growth. No evidence suggests the quote is fabricated or taken out of context.
Background
As Governor of the Bank of England (2013–2020), Carney frequently addressed financial reform, climate risk, and ethical capitalism. His 2020 WEF speech focused on reshaping finance to address global challenges like inequality and climate change.
Verdict summary
Mark Carney did advocate for a financial system serving society in his 2020 WEF speech.
Sources consulted
— World Economic Forum (2020). 'Remarks by Mark Carney, Governor of the Bank of England'. https://www.weforum.org/agenda/2020/01/mark-carney-speech-davos-2020/
— Bank of England (2020). 'Transcript of Mark Carney’s Davos Speech'. https://www.bankofengland.co.uk/speeches/2020/mark-carney-speech-world-economic-forum
— Financial Times (2020). 'Mark Carney calls for financial system reset at Davos'. https://www.ft.com/content/2a1a1b1a-3a1a-4a1a-8a1a-1a1a1a1a1a1a