A response to the Turner Review

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Keith Boyfield, a senior fellow of the ASI and chairman of our Regulatory Evaluation Group, has written a new think piece responding to Adair Turner's Regulatory Response to the Banking Crisis.

He argues that the last thing we want is more staff and more money for the FSA – whose failure is due much blame for the collapse of the UK financial sector. On the contrary, Keith makes the point that, "what is needed is not so much a stack of new regulation, but a regulatory regime that enforces the existing rulebook while eliminating regulations that are either unnecessary or unenforceable." Read the whole piece here.