Prospect‘s editor Bronwen Maddox and deputy editor James Elwes interviewed Financial Services Authority chairman Adair Turner in November. They discussed the financial crisis, regulation and the break-up of the FSA.PROSPECT: Is it the right time to be breaking up the FSA, now that everyone has got used to it?
ADAIR TURNER: My belief is that the endpoint of the reform will be better than the existing FSA. I always had an inkling even before I took the job that the spread of the FSA’s responsibility from the prudential regulation of large banks through to the conduct regulation of 20,000 Independent Financial Advisers and general insurance brokers was a very wide span which went across activities which had a different nature, a different skill-set and different logical links.
See full Interview.
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