TITLE

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

PUB. DATE
May 2009
SOURCE
Money Marketing;5/28/2009, p10
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
41894784

 

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