Adair Turner

Adair Turner News

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  Swedish Banks Get No Mercy as EU Agenda Ignored: Nordic Credit

  Swedish Finance Minister Anders Borg said he won’t cave to pressure from banks or the European Union to harmonize standards and insists capital ratios in the largest Nordic economy need to be higher than those elsewhere.

• Turner Says Money Printing Shouldn’t Be a Concern During Slumps

  Central bankers should be less fearful of printing money during an economic downturn to spur demand, Adair Turner, chairman of the U.K.’s Financial Services Authority, said in London today.

• Turner Says Regulators Can Only Reduce Frequency of Bank Crises

  U.K. Financial Services Authority Chairman Adair Turner said tougher regulations aimed at strengthening the banking system can only reduce the frequency of financial crises and taxpayer-funded bailouts.

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  Turner Makes Claim for BOE Job as Bank Culture Reform Sought

  Financial Services Authority Chairman Adair Turner gave his first indication that he is interested in succeeding Bank of England Governor Mervyn King as he laid out proposals to reshape London’s finance industry.

• U.K.’s Turner Says Exchange Rates Should Be Decided by Markets

  Adair Turner, chairman of the U.K. Financial Services Authority, downplayed talk of a global currency war and said potential exchange-rate fluctuations aren’t problematic.

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  FSA’s Turner Says Banks Culture One of ‘Cynical Entitlement’

  Financial Services Authority Chairman Adair Turner said banks must purge a culture of “cynical entitlement” after the Libor scandal that led to the resignation of Barclays Plc’s Robert Diamond.

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  Toward a New Consensus on Monetary Policy

  If you’ve ever experienced high inflation, you’re unlikely to forget it. In the decades between the end of World War II and the creation of Europe’s new currency, Germany’s central bank set the global standard for sound finance and monetary conservatism. Germany’s folk-memory tied the hyperinflation of the 1920s to the destruction of German society and the rise of Adolf Hitler. “Never again” was the idea that motivated, and to some degree still motivates, German monetary policy.

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  Basel Rules Could Have Been More Stringent, FSA's Turner Says

  The chairman of the U.K.’s financial regulator would have set even higher capital ratios if he’d drafted the new Basel III banking rules.

• U.K. Will Stay Out of European Banking Union, Turner Says

  The U.K. won’t allow its lenders to be supervised by the European Central Bank, Financial Services Authority Chairman Adair Turner said in a speech designed to boost his candidacy for the top post at the Bank of England.

• FSA’s Turner Says Libor, Bonus Scandals Destroy Public Trust

  Financial Services Authority Chairman Adair Turner said banking scandals, including Libor rate fixing, and “huge” bonuses, have destroyed the public’s trust in the U.K. financial industry.

Adair Turner Photos

Quote

• "We've tended to have capital and liquidity add-ons for new-entrant banks so they've been disadvantaged."

  - Adair Turner on Mar 25, 2013

Related Topics

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  London

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  Paul Tucker

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  Robert Diamond

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  Spain

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