Head of Britain's Financial Services Authority (FSA) Adair Turner supports the idea of a global tax on transactions with foreign currency and is confident that the global financial sector has become too large. This position he outlined in an interview with Prospect - the material is called How to tame global finance.

Chapter FSA also said that he did not need to fear the loss of London's position as the world's banking capital, since the economy is too dependent on financial services. But London, according to Turner, is a classical metropolis, which will remain the dominant time zone in Europe.

Turner expressed support for the so-called international Tobin tax, which was first proposed in 1970 by economist James Tobin. The essence of this mechanism to ensure that, by charging a certain percentage of foreign exchange operations to make them unprofitable. According to the concept scientist, multibillion-dollar revenues from this tax may be distributed between the IMF and national banks, helping developing countries, which hurt the speculation on their currencies. This tax for the poor and anti-globalization as it is often called, has found its supporters among European and Latin American countries, but strongly criticized the developed countries in the international banking sector.

This initiative calls for international support, but, according to Financial Times, Turner's position is not shared by British finance minister Alistair Darling. Moreover, the Conservative Party, which tipped to win the next election, did calls to eliminate such authority as the FSA.

Interviews Turner, a well-known rigid intentions in relation to the financial sector, generated a wave of criticism, although the FSA and said that his allegations are only part of the intellectual conversation and do not carry the political proposals.

next week in London will host a meeting of finance ministers and heads of central banks' large Twenties (G20).

Against the backdrop of rising oil prices Russia's stock market concluded the week on a positive note
LUKOIL will be one of the first companies to be able to recover after the crisis
The market extended the temporary smoothing of the price mechanism in the wholesale electricity market by October 1
IMF: Flexible mode rate fixing will help Belarus to cope with shocks experienced by the real sector
Turkmenistan wants to reduce its dependence on Gazprom
USA: index fell ... on the basis of mistrust
Berlusconi demanded 1 million euros from the newspaper for questions about his personal life
National Bank Again throw investors?

To keep the hryvnia, the National Bank wants to introduce a new moratorium on the issuance of deposit physical persons ...

The stock market of Russia completed a week rise above 1,110 points on the MICEX