FSA’s Turner considers more active role for macroprudential policy


Adair Turner, the chairman of the Financial Services Authority, on Thursday said economies could no longer rely on traditional policy levers to ensure that the level and allocation of credit is socially optimal.

At the European Conference on Banking and the Economy at Southampton University, Turner said: "A crucial issue at this point in the cycle is whether macroprudential policy has a role to play in stimulating rather than constraining credit supply and demand – whether it can be used to push

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

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 individual account