FSA's Turner pushes for tax on size

Adair Turner, the chief executive of the Financial Services Authority, has joined the growing chorus of calls for limits on banks' size.

Turner told lawmakers on Tuesday that he was "significantly attracted" to ideas which he attributed to Tim Geithner, the US Treasury secretary, to discourage banks becoming too large by making capital requirements proportional to size. "We should not think about an absolute limit on size - that would be very difficult to achieve - but a sliding scale of capi

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