Brown says markets 'need morals'

Link to the article: BBC News

Prime Minister Gordon Brown has said financial markets need "morals" if they are to function properly.

Speaking at the Labour conference in Brighton, he defended the government's handling of the financial crisis and stressed his economic credentials.

He vowed that the banks that were bailed out would pay back taxpayers.

And Mr Brown said the government would pass new rules covering bankers' behaviour, including disqualifying those unfit to run banks.

"Any director of any of our banks who is negligent will be disqualified from holding any such post," he said.