UK needs ‘innovative’ policy levers beyond price stability, says FSA’s Turner

lord-turner

The UK should employ "innovative and unconventional" policies to tackle the legacy of past policy mistakes, according to Adair Turner, the chairman of the Financial Services Authority (FSA) and one of the leading candidates to succeed Mervyn King as governor of the Bank of England.

Turner described the "light touch" regulatory environment in the run-up to the financial crisis as "a fool's paradise". He said the FSA's approach to supervision – before he became chairman in 2008 – had been

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 info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

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

.