FPC faces solvency vs lending trade off: Turner

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FPC faces solvency vs lending trade off: Turner

The Financial Policy Committee has struggled with the short term trade-off between the resilience of banks and their potential to lend, outgoing FSA chairman Adair Turner said on Thursday night. But more innovative policies, like the Funding for Lending Scheme, may be necessary if those in place already do not set the economy on course, he said.

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