4 Sep

Turner to banks: expect a regulatory onslaught

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Turner to banks: expect a regulatory onslaught Show Comments ▼ whatsapp More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Sunday 30 January 2011 10:27 pm Financial Services Authority chairman Adair Turner has warned banks that a slew of regulation is on the way to reassure the public that the financial crisis will not happen again.Speaking at Davos, Lord Turner said that banks aiming to escape further regulation by moving abroad believed “a complete fantasy” and pledged to crack down on unregulated areas of finance.“There are still important elements of the prudential regime to put in place, such as shadow banking: we have to do more work and the industry has got to accept that,” Lord Turner told the Telegraph in an interview.Turner was responding to speakers from the banking world who had told the World Economic Forum that additional regulation could stifle global growth.Lord Turner told journalists that the variety of debates at Davos this year was a sign of success:  “[W]hen the world gets gripped by one big theme it usually either means there’s a big disaster or else people are getting in the grip of some new irrational exuberance.” center_img whatsapp Tags: NULL Share KCS-content last_img read more