FSA has published the comments made by Lord Turner on which the Financial Times based an article. It looked at how FSA used problems faced by banks in the crisis to understand the key causes of it and the measures needed to prevent repetition. He commented on the consequences of judgements bank executives and boards make on risk and return. He said regulators now understand that banks cannot take the bold risks acceptable in some other sectors. The question is whether regulation should explicitly recognise a different risk-return trade-off for banks, and incentivise them to adopt an appropriate attitude. He commented on the provision in the Dodd-Frank Act that requires an executive to forfeit two years of past compensation if he is substantially responsible for decisions that lead to a bank failure.