Lord Turner’s Mansion House speech focused on future regulatory structure. He stressed the need for European measures to allow national regulators to take appropriate action at macro-prudential level. He said it was wrong and harmful for the single market to set maximum levels as well as minimum. He then looked at the roles of the Prudential Regulation Authority and Financial Conduct Authority to support the Financial Policy Committee. He spoke also on past initiatives, which have brought improvements, such as the Treating Customers Fairly regime. (Source: Lord Turner Speaks at Mansion House)