UK FSA’s Turner puts forth case for more discretion

adair-turner-150x113-jpg

Lord Adair Turner, the chairman of the Financial Services Authority, has warned macroprudential regulators against an overreliance on rules, urging them to take action as and when they see fit.

An animated Turner told an audience at Cass Business School on Wednesday evening: "Macroprudential policy cannot be limited to the extension or reform of rules which still remain static on a through-the-cycle basis. It needs also to include levers that can vary across the credit cycle."

Macroprudential re

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: