Darling warns against heavy-handed regulation

Speaking at the Turner Review conference in London, Alistair Darling said regulation should not stifle innovation, but agreed the FSA needs to increase its role. He also supported greater international cooperation to regulate finance companies, and more 'intrusive' regulation. However, the Chancellor warned against going too far, saying: "We need to walk a fine line between sufficient regulation that needs to safeguard public interest but not so much that we stem the flow of credit and stifle the very innovation that can benefit us all." He also outlined the need for competition in th...