The Turner Review

The Turner Review, published in 2009 by the UK’s Financial Services Authority, analyzed the causes of the 2008 financial crisis. It highlighted how risky lending, excessive borrowing, and gaps in regulation led to the economic meltdown. The review recommended stronger oversight of financial firms, better transparency, and more effective risk management to prevent future crises. Its goal was to improve financial stability by learning from past mistakes and ensuring that markets and institutions are more resilient against shocks.