Sign up to The Irish Times Archive (1859 - 2008)My Account »
Fri 10 Oct 2008World banking system 'past meltdown danger'
The global banking system is past the danger of systemic meltdown following government intervention, but there will still be economic consequences, the chairman of Britain's Financial Services Authority said today.
Adair Turner also told newspapers that regulators should sweep aside their previous assumptions as they look for a more effective global regime in the wake of the credit crisis and should take a tougher line.
Choose a Subscription type - required
