Banks have come to realize in the recent crisis that they are paying the price for having designed compensation packages which provide incentives tha…

- Mervyn King

Global market forces will sort out those companies that do not have sound corporate governance.

- Mervyn King

When I was a graduate student at Harvard, I learned about showers and central heating. Ten years later, I learned about breakfast meetings. These are…

- Mervyn King

The underlying intellectual argument for seeking to tax economic rents retains its force.

- Mervyn King

To set aside one’s prejudices, one’s present needs, and one’s own self interest in making a decision as a director for a company is an intellectual e…

- Mervyn King

Of all the many ways of organising banking, the worst is the one we have today.

- Mervyn King

There is no reason products and services could not be swapped directly by consumers and producers through a system of direct exchange – essentially a…

- Mervyn King

When banks extend loans to their customers, they create money by crediting their customers’ accounts.

- Mervyn King