Lord Turner's last Mansion House speech as FSA Chairman focused on the problems he inherited. He spoke on the inadequacies in the rules on bank capital and liquidity, the structure of the UK regulatory system and the culture within major banks, all of which contributed to the financial crisis and the fall-out from it. He spoke of the measures in place to put things right at international and domestic levels, and looked at the challenges of managing the transition and the threats of post-crisis deleveraging. (Source: Lord Turner Mansion House Speech)