View more on these topics

Turner to chair Financial Stability Board committee on regulatory co-operation

The FSA’s Lord Turner has been appointed to chair the Financial Stability Board’s standing committee for supervisory and regulatory co-operation.

The FSB was re-established in April 2009 as the successor to the Financial Stability Forum.

It brings together national authorities responsible for financial stability in significant international financial centres, international financial institutions, sector-specific international groupings of regulators and supervisors, and committees of central bank experts.

Lord Turner says: “The global nature of the financial crisis and the fact that so many banking groups operate across national borders make international co-operation a vital part of reforming regulation.

“We will work hard on this committee to define the regulations and supervisory approaches needed to address these global risks and identify priorities for regulatory policy needed to tackle them.”

The standing committee will address coordination issues that arise among supervisors and regulators.

It will also help with contingency planning for cross-border crisis management at major financial institutions and advise on crisis management issues more broadly.


Casting doubt

M&G managing director global sales Jonathan Willcocks has questioned the demand for absolute return funds.


Johnson is new chief at Paymentshield

Paymentshield has appointed Tim Johnson as its new chief executive. He replaces Stuart Pender, who becomes non-executive chairman. Andy Halstead, formerly of Erinaceous Insurance Services, will be sales and marketing director.

Globe - thumbnail

Considerations for overseas workers in Germany

With Germany’s strong economic growth leading the eurozone’s recovery, many UK businesses are keen to be part of the success story: recent data shows that there are currently more than 280,000* employees working for a UK-controlled company in the country.


News and expert analysis straight to your inbox

Sign up


There is one comment at the moment, we would love to hear your opinion too.

  1. The only financial stablility around Mr Turner is to be found in his own bank account.

Leave a comment


Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm