Charlie Rose Talks to Bob Diamond of Barclays

You have said that the time for remorse is over.
Aha, that's not what I said. I said, "The time for remorse needs to be over." And I think I was referring not, you know, to Barclays (BCS) or to Bob Diamond, but really for the U.K., for the U.S., for government officials, for companies, for banks. It's time we focus on the things that are really, really important. We've been through a very difficult period. And every bank has made mistakes; every banker has made mistakes. But it's time now to look at job growth and economic growth. And I think it's time to balance regulatory reform ... with creating jobs and creating economic growth. And I think it's time to pass the mantle of growth to the banks and to the companies that can drive that growth.

From governments to companies and banks?
We've seen a lot of stimulus over the last couple years coming from governments. And using the U.K. as an example, the Prime Minister and the Chancellor of the Exchequer have been very clear that the issues around the deficit, around public spending, have to be addressed. So there is a comprehensive spending review. There's a reduction in public spending and the public sector. And that's necessary. And it's important. But that means that there won't be job creation or economic growth coming from the public sector. It's going to come from the private sector.