UK’s Turner says financial fragmentation may not be a bad thing


Fragmentation of financial markets due to poorly designed or overly stringent legislation may have financial stability benefits that policy-makers would do well to recognise, according to Adair Turner, chairman of the UK's Financial Services Authority.

Addressing an audience at the Sveriges Riksbank, Turner said there was evidence that cross-border lending was one of the most volatile types of capital flow, prone to "exuberant surges and sudden stops". This, he said, implied legislation that

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 [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

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 individual account here: