Adair Turner

Ahead of the herd

The UK Financial Services Authority will finalise its new liquidity requirements by the end of the year, but certain aspects of the proposals remain highly contentious, and the regulator has been criticised for rushing ahead of the Basel Committee, which…

Turner condemns 'rent seeking' banks

Adair Turner, chairman of the UK Financial Services Authority, has accused banks of using financial innovation "to extract economic rents rather than deliver services of real value to the real economy", and called for higher capital levels and…

FSA plans new capital formula for banks

The UK Financial Services Authority (FSA)'s chairman Adair Turner has outlined proposed new capital rules for UK banks, which would see minimum capital levels determined based on balance sheet growth or full-cycle loan book risk.