Friday, 12 October 2012

UK: Lord Turner's Mansion House speech

Lord Turner, the chairman of the Financial Services Authority, delivered a speech last night at the Mansion House in London: see here. He took the opportunity to reflect on his time at the FSA (which began in September 2008), the causes of the financial crisis and the faults in theory and policy. Lord Turner also highlighted the regulatory reforms underway in the United Kingdom and the move towards a closer banking union in the Eurozone. The survival of the Eurozone required, he stated, a banking union with some fiscal integration.

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