The financial innovation of the past decade has delivered minimal economic value and increased financial instability, according to the FSA's chairman.
Speaking at The Economist's City lecture, Lord Turner outlined a number of reforms needed in the banking system to prevent future financial crises. He delivered a damning verdict on the 'originate and...
To continue reading this article...
Join Professional Adviser
- Unlimited access to real-time news, industry insights and market intelligence.
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters.
- Make smart business decisions with the latest developments in regulation, investing retirement and protection.
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes.
