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Adair Turner addresses Mansion House

By Tom Chatfield  

Speaking at the City Banquet at Mansion House yesterday, FSA chief Adair Turner reflected on his interview last month with Prospect in robust terms, declaring that “I do not apologise for being correctly quoted as saying that while the financial services industry performs many economically vital functions, and will continue to play a large and important role in London’s economy, some financial activities which proliferated over the last ten years were ‘socially useless’, and some parts of the system were…

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