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

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