Regulatory system needs to be changed:
Democratic presidential candaiate Barack Obama has said that the countrys regulatory system needs to be changed to ensure an improved economic performance.
Stikeman Elliott LLP - FSA Chairman discusses UK regulatory changes In a speech Tuesday to the British Bankers' Association, Lord Adair Turner, Chairman of the Financial Services Authority discussed a new approach to regulation in the UK Specifically, Lord Turner discussed a ``major shift in philosophy'' towards a ``more pre-emptive and instrusive approach to supervision''.