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FSA chief in 'unconventional' lending call

FSA chief in 'unconventional' lending call
The UK needs “unconventional” policies to boost bank lending, the head of the Financial Services Authority has said.

In a speech at a Mansion House dinner last night, Lord Turner warned the current programme of quantitative easing had a 'declining marginal impact' and was unlikely to solve the problem of getting credit to business.

He proposed "direct support" to business.

Green Box: FSA chief in 'unconventional' lending callClick to open

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