Lord Turner: Last 20 years punctuated with 'waves of mis-selling'

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The chairman of the Financial Services Authority (FSA) has suggested Parliament will have to give the Financial Conduct Authority (FCA), one of its successor bodies, even greater powers to protect consumers.

In a speech delivered to the Mansion House in the City last night, Lord Turner addressed the roles of the bodies which will form the core of the new regulatory system: the Financial Policy Committee, the...

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