Turner praises Lloyd’s while slaying banking sector
Lord Adair Turner has given high praise to Lloyd's and the London insurance market for playing no part in the financial crisis while lambasting the banking sector for having been a "failed system" that wreaked havoc on the UK and global economy.
He spoke for the fourth and last time as UK Financial Services Authority (FSA) chairman at the annual City Banquet in Mansion House, London this evening (11 October), before the UK adopts a new, dual structure to financial...
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