Former FSA boss warns capital demands will stifle recovery
Former head of the Financial Services Authority, John Tiner, has criticised demands for higher capital at financial companies and a growing risk of national protectionism.
“Those [trends are] going to feed through to higher prices, less funding potentially available for the real economy and for real companies, higher premiums for insurance cover.”
“Over the next few years it’s going to be quite tough for the real economy anyway. The financial system may put even more of a brake on all of that.”
