Mortgage Market to Be Mulled Over Once More ; Economy Today: Finance
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THE UK needs a fundamental debate on how much easy credit should be made available in the mortgage market, the head of the City watchdog said yesterday.
Chairman of the Financial Services Authority Lord Turner said society faced a trade-off in which the financial system could be made more stable through significantly higher capital requirements, but this was likely to come at the expense of easy access to credit. He warned that there was a need to strike a balance, while recognising that the benefits of financial stability had a cost in terms of consumer choice.See the full content of this document
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Mortgage Market to Be Mulled Over Once More ; Economy Today: Finance
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