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The Turner Review

Giles Adams and Ulrike Schoeman of KPMG LLP consider some of the key regulatory issues for banks arising from the Turner Review which are likely to have significant tax implications
In the wake of the financial crisis the FSA was asked in October 2008 to analyse the origins of the financial crisis and recommend regulatory reforms. Lord Adair Turner the newly appointed Chairman of the FSA published his report in March 2009 focusing on how to create a future financial system which is more stable and better able to serve the needs of businesses and households.
The Turner Review and related documents cover a wide range of matters such as capital accounting liquidity the scope of regulation international regulatory cooperation deposit insurance credit...

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