FSA boss Turner's 'graveyard stability' fear

Press Association
Adair Turner
Adair Turner

Financial Services Authority (FSA) chairman Adair Turner has warned against building "the stability of the graveyard" when tackling financial reforms in what is viewed as his last public pitch for the Bank of England's top job.

In his Mansion House speech, his last at the helm of the City watchdog, Lord Turner said the country needed "a sounder banking system for the future" and should be prepared to turn to more innovative measures to tackle economic challenges.