UK: FSA’s Turner Bashes Banks, Gets Bashed Back

Say what you will about SEC Chairman Mary Schapiro but at least she is not, to date, actively bashing the firms she regulates on Wall Street as “socially useless” and agitating for a new multi-billion dollar tax on banks as a measure to curb large bonuses for banking executives.  Yet that is just what appears to be happening in the UK.  Full details are available in this post on my Enforcement Action blog over at Compliance Week.