FSA’s Turner: financial deepening has its limits


The case for ever deeper financial markets must be questioned, Adair Turner, the chairman of the Financial Services Authority, has said.

"It is not clear that financial deepening beyond that already achieved in the developed world 30 years ago has significantly increased allocative efficiency and growth," Turner said on Wednesday at a conference hosted by the London School of Economics. "The growth relationship is not necessarily there.

Turner acknowledged that financial deepening was "a good th

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: