FSA’s Turner queries faith in deep and liquid markets


Both the 1997 Asian financial crisis and the more recent global one were caused by excessive financial activity and the "sensible conclusion" was that financial liberalisation and intensity, past a point, were worthless at best, Adair Turner, the chairman of the Financial Services Authority (FSA), said on Monday.

Speaking at the Reserve Bank of India, Turner said despite key differences in the causes underpinning the crises of 1997 and 2008, both ultimately boiled down to "sustained increases in

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: