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FSA rewrites banking regulation

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03-19-2009, 05:30 AM

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FSA rewrites banking regulation

The Financial Services Authority (FSA) has been airing its views on the type of regulation needed to avert another banking crisis.According to a BBC report, FSA chairman Lord Turner wants UK banks to adopt a more sober approach to lending during boom years and use periods of strong economic growth to build up their capital [...]

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