Lord Adair Turner served as Chairman of the Financial Services Authority (FSA), the regulatory body overseeing the financial services industry in the UK, from 2008 until its abolition in March 2013. He successfully rebuilt the institution's reputation after the financial crisis and negotiated changes to the regulatory regime. Under his leadership, the FSA produced an influential report in 2009 (the Turner Review) recommending a rethink of global banking regulation in response to the credit crunch and collapse of global banking liquidity.
Since leaving the FSA, Lord Turner has taken on the role of Senior Fellow at the Institute for New Economic Thinking, a new think tank founded by George Soros dedicated to re-thinking the field of economics in the wake of the financial crisis.
He has also been Chairman of the Overseas Development Institute, and a Visiting Professor at the London School of Economics and Cass Business School, City University. He is also former Chairman of the Pensions Commission, the Committee on Climate Change and the Low Pay Commission. He became a cross-bench member of the House of Lords in 2005. Until September 2008, Lord Turner was non-executive Director at Standard Chartered Bank. Previously he was Vice-Chairman of Merrill Lynch Europe, and Director General of the Confederation of British Industry (CBI). Prior to that, between 1992 and 1995, he built McKinsey's practice in Eastern Europe and Russia as a Director.
He has written two books 'Just Capital The Liberal Economy' (Macmillan, 2001) and 'Economics after the Crisis Objectives and Means' (MIT Press, 2012), and a third is underway. He also recently became a Trustee and Chair of the Audit Committee at the British Museum.
As well as being an expert on global banking regulation, Lord Turner is now dedicating his time to answering the big questions facing macroeconomic policymakers across the world. He has spent a lot of time in China, and has a deep knowledge of the challenges facing its financial system.