Turner Review failed to appreciate international cooperation, says Isda

Robert Pickel, chief executive officer of the International Swaps and Derivatives Association, said on June 23 that the Turner Review – published in March, detailing recommendations on how the UK, and the rest of the world should respond to the financial crisis – failed to “to apply sufficient weight to the importance of international accord”.

Pickel’s comments were made in a letter from Isda to the UK’s financial regulator, the Financial Services Authority, in response to the Turner Review. The letter concluded: “it is crucial that the regulatory...