Ethical banking campaigners welcomed stronger regulation of the industry but demanded more than “hot air” yesterday after Bank of England governor Mark Carney came out against reckless bankers.

Move Your Money spokesman Joel Benjamin told the Star that the campaign agreed with Mr Carney’s criticisms but would like to see these followed up with resolute actions.

“Mark Carney has previously signalled an intent to extend Bank of England ‘lender of last resort’ facilities to money brokers and at the FT 125 event spoke of expanding the UK financial services sector to nine times the UK’s GDP,” said Mr Benjamin.