Don't intervene too much or market will go back to the 70s

May 2009
Money Marketing;5/28/2009, p10
The article reports on the warning given by Building Societies Association director general Adrian Coles that too much intervention from the Financial Service Authority (FSA) could drive the mortgage market in Great Britain back to the 1970s. According to Coles, FSA must put a balance or risk devolving the mortgage market in its move to re-examine how it regulates the sector. Coles noted that there is tension among innovation, creativity, safety and risk aversion.


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