Life after the FSA: Turner joins Soros thinktank

Lord Adair Turner, chairman of the now-disbanded Financial Services Authority (FSA), has joined the economics thinktank founded by billionaire George Soros.

Turner (pictured) will become a senior fellow in the Institute for New Economic Thinking's (INET's) London offices. The FSA chairman had previously been seen as a front-runner to become the next governor of the Bank of England but missed out to Mark Carney. The FSA was split into two separate watchdogs on Monday - the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). "In the wake of the financial crisis, economics must address fundamental issues and ask questions about its own pre-crisis failures," Turner said. "INET is playing a major role in su...