Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Zuma's ally Atul Gupta challenges asset freeze

Read more

MEDIAWATCH

Gun control continues to trend on US social media

Read more

THE DEBATE

Trump, Guns and School Shootings: Can Students Help Change Gun Control Laws?

Read more

THE DEBATE

Trump, Guns and School Shootings:: Can Students Help Change Gun Control Laws?

Read more

FOCUS

What's behind Germany's steep drop in juvenile crime?

Read more

ENCORE!

Music show: Duck Duck Grey Duck, Femi Kuti, Starchild & the New Romantic

Read more

TALKING EUROPE

Greek Cypriot negotiator: 'We stand a chance' of reunifying Cyprus

Read more

TALKING EUROPE

Towards a European army? The future of defence for the EU

Read more

THE INTERVIEW

Photographer Pete Souza shares his ‘portrait’ of Obama

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)