FSA Chief Presses For Hard Ring-Fencing

19 Nov 2012

Lord Adair Turner, the outgoing head of the U.K.’s Financial Services Authority, testified before the Parliamentary Commission on Banking Standards that banking reform should include “hard ring-fencing” on banks to protect them from possible future collapse.

Lord Adair Turner, the outgoing head of the U.K.’s Financial Services Authority, testified before the Parliamentary Commission on Banking Standards that banking reform should include “hard ring-fencing” on banks to protect them from possible future collapse. Turner also said the FSA may allow banks to sell some simple ...

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