Tiner is now chief executive of Clive Cowdery’s consolidation vehicle Resolution and stepped down from the FSA just two months before the collapse of Northern Rock in 2007.
In an interview with the Financial Times Tiner warned that increased capital requirements would “feed through to higher prices, less funding potentially available for the real economy and for real companies, higher premiums for insurance cover.”
Tiner added: “Over the next few years it is going to be quite tough for the real economy anyway. The financial system may put even more of a brake on all of that.”
He claims that during his time at the regulator he made it better prepared to cope with the chaos that ensued in the financial system after he left.
He said: “What I did at the FSA was to take it to a place where actually they are better able to cope with what they have had to cope with in the last two years, beause I tried to make it more of a ‘can-do’ sort of culture in the organisation and not just a kind of purely cerebral think-tank kind of operation.”