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Old 06-07-2009, 10:53 PM
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Post FSA proposes new risk strategy for UK’s building societies

Following the collapse of the Dunfermline building society and the rescue of other societies last year, the Financial Services Authority (FSA) is proposing to stop building societies expanding into risky types of lending and borrowing. The move comes after a senior FSA official accused some societies of taking far too many risks with their lending [...]

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