Osborne is expected to argue that UK-specific laws are not about favouring London's financial sector - which in the past has been a major source of tax revenue and economic growth - but about ensuring rules are appropriate to a financial centre that dwarfs those in most of continental Europe.
"I am going to deal with abuses, tackle the unacceptable behaviour of the few and ensure that markets are fair for the many who depend on them," he is expected to say at the Lord Mayor of London's ornate Mansion House residence.
Britain's Financial Conduct Authority is investigating allegations that there were attempts to manipulate benchmark foreign exchange rates in London, and is only due to report back on this early next year.
The finance ministry wants the new rules to reflect those findings as well as a report due in a few weeks from the international Financial Services Board chaired by Carney.
As well as criminalising benchmark price manipulation, the proposals suggest requiring branches of foreign banks operating in London to meet stricter rules on senior staff that are due to apply to British banks from next year.
Under these new rules, senior staff will be directly accountable if a bank goes bust, making it easier for regulators to prosecute individuals than after the 2007-09 crisis.
A review of the new legislation will last a year and be led by Minouche Shafik, a senior International Monetary Fund official whom Osborne appointed to take up a new role as a BoE deputy governor responsible for banking and markets.
FCA chief executive Martin Wheatley and a senior Treasury official, Charles Roxburgh, will also be involved. Elizabeth Corley, chief executive of Allianz Global Investors, will represent financial industry views.