Newsletter October 2010: Focus on key regulatory issues, urges FSA chief

BRUSSELS – Policymakers in the EU have been urged by Britain’s top regulator not to lose sight of the really important regulatory reform issues by focusing too much on lesser areas of concern that were not at the root of the global financial crisis. The crisis had many causes, including those on which popular attention often focuses, such as absurd banker bonuses, excessive risk-taking and exotic products that were not understood, Adair Turner, head of Britain’s Financial Services Authority (FSA) told a Brussels conference in late September.