Demands for higher capital at financial companies and a growing risk of national protectionism will act as a drag on the real economy, warns John Tiner, former head of the Financial Services Authority. In particular, the local implementation of international rules may force banks and insurance companies to hold a set pool of capital inside each national border, Mr Tiner told the FT in his first substantial interview since leaving the FSA in 2007.

This entry was posted by Paul Murphy on Monday, November 23rd, 2009 at 4:35 and is filed under People. Tagged with fsa, john tiner. Edit this entry.