Regulators will not be distracted from the 'radical' reforms on pay and capital requirements required at the banks despite early signs of economic recovery, Lord Turner, chairman of the Financial Services Authority (FSA), has pledged. Giving evidence before the Treasury Select Committee on Tuesday, he said: "There is a danger, because we are now seeing positive signs, that there could be some drawing back from the degree of radicalisation required. [We must] ensure we're not sitting here again in 10 to 15 years' time. We are going to make sure we are being radical enough."
Giving evidence before the Treasury Select Committee on Tuesday, he said: "There is a danger, because we are now seeing positive signs, that there could be some drawing back from the degree of radicalisation required. [We must] ensure we're not sitting here again in 10 to 15 years' time. We are going to make sure we are being radical enough."
