Lord Turner: banks face more rules and regulation - Telegraph
Adair
I hope you will not be too disappointed to hear that I don't agree with you. All the 'rules and regulations' in the world are no substitute for effective supervision, an inate ability to spot 'trends' and the gumption to move quickly instead of ending up with the usual 'point, fine, ban' after the event regulation we have had to endure for two decades.
The UK has not been served well by the regulatory musical chairs, time for new blood and a regulator which is not influenced by politics.
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