PROJECT M
 

Taking lending into rehab

With rising debt in Asia and legacy issues from the financial crisis, credit creation is too important to be left to bankers, says Lord Adair Turner

Christian Gressner
© Plainpicture

Taking lending into rehab

With rising debt in Asia and legacy issues from the financial crisis, credit creation is too important to be left to bankers, says Lord Adair Turner

Christian Gressner

projectm-adair-turnerLord Adair Turner

Currently chairman of the governing board at the Institute of New Economic Thinking, Turner chaired the UK Financial Services Authority from 2008 until 2013. He led the McKinsey practice in East Europe and Russia in the early 1990s and was director general of the Confederation of British Industry 1995-2000. He was vice-chairman of Merrill Lynch Europe (2000-06).

He became a cross-bench member of the House of Lords in 2005; served as the first chairman of the Climate Change Committee (2008-12) and chaired the Pensions Commission (2003-06) and the Low Pay Commission (2002-06).

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