The Turner Review: A verbose attempt at curbing the cycle.
Business Law Review, 30 (7).
Publisher's URL: http://www.kluwerlaw.com
This article explores the 28 recommendations posed by the
Turner Review to ensure that the current economic crisis
does not occur again. It sets them within the context of
the debate on economic procyclicality, noting that, in economic history, financial crises are the main method of
promulgating financial regulation and, furthermore, that
economic history is shaped by the economic ‘boom and
bust’ of the procyclicality of industry. The Review is largely criticized by the author because of the manner in which it aims to curb the economic cycle and, in turn, capitalism. This paper then explores the FSA Discussion Paper 09/2 which was published on the same day as the Turner
Review and is to be read in conjunction with the Review.
It deals with the ‘Regulatory Response to the Global
Banking Crisis’. Finally the author evaluates reaction to
|Additional Information:||Reproduced with the permission of Kluwer Law International from Chambers, Clare. L. Business Law Review, The Turner Review: A verbose attempt at curbing the cycle. 30 (7). pp. 158-160. (2009)|
|Uncontrolled Keywords:||Turner review, banking crisis, banking reform, banking regulation|
|Faculty/Department:||Faculty of Business and Law > Department of Law|
Dr C. Chambers
|Deposited On:||18 Aug 2010 09:24|
|Last Modified:||08 Jul 2013 23:03|
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