FSA Head Calls For Limits On Bank Lending

28 Jan 2010

Lord Adair Turner, chairman of the U.K.’s Financial Services Authority, has recommended the creation of a “macro-prudential body” to limit lending or borrowing at times that a dangerous bubble in the market may be building.

Lord Adair Turner, chairman of the U.K.’s Financial Services Authority, has recommended the creation of a “macro-prudential body” to limit lending or borrowing at times that a dangerous bubble in the market may be building. Speaking to the World Economic Forum in Davos, Switzerland, Turner said such an ...

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