Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

Protests, Putin & Prosecutions

Read more

THE DEBATE

Do Russians care? Kremlin cracks down after anti-corruption protests (part 1)

Read more

THE DEBATE

Do Russians care? Kremlin cracks down after anti-corruption (part 2)

Read more

ENCORE!

Music show: Jamiroquai, Nelly Furtado & jazz singer China Moses

Read more

FOCUS

French presidential election: What attracts young voters to the far right?

Read more

EUROPE NOW

Italy challenged by populism

Read more

EUROPE NOW

60th anniversary of the Treaty of Rome: What's to celebrate?

Read more

THE OBSERVERS

How traffickers lie to migrants wanting to go to Europe; and the gold rush polluting rivers in Ivory Coast

Read more

BUSINESS DAILY

Startled startups flee UK ahead of Brexit

Read more

Business

‘Dubai crisis came as no surprise’, says UK's chief regulator

Text by FRANCE 24

Latest update : 2009-12-03

In an exclusive interview with FRANCE 24, Lord Adair Turner, Chairman of the UK Financial Services Authority (the UK market regulator) said the debt crisis in Dubai is "a normal adjustment process… and expected".

Lord Adair Turner, the Chairman of the Financial Services Authority (UK market regulator), has spoken out about the debt crisis in Dubai, pointing out that the current situation was in fact expected. Turner said that it has been “known for sometime that there would have to be some processes of restructuring of debt.”

Turner did submit that the communication surrounding the crisis was “unfortunate.” In the interview he argues the events over the past week “are not telling us anything new.”

The interview was recorded Monday night at the British Embassy in Paris. The full inteview will be aired this Friday as part of the weekly Business Interview programme on FRANCE 24, and will be available on the website here.


 

Date created : 2009-12-01

COMMENT(S)