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Legal Update

32 steps to a stable banking system ... ? An overview of the Turner Review, published today

18 March 2009
Mayer Brown Legal Update
Adair Turner, Chairman of the FSA, has today highlighted the 32 actions that he considers are required to create a “stable and effective” banking system. Many of these actions are already underway or have been implemented (such as the UK bank resolution regime); others are only achievable through international co-operation. Some are specific tasks, such as the FSA implementing its Supervisory Enhancement Program; others are broad policy proposals where, one suspects, the devil will be in the detail.

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