New Fsa Boss Warns of Another Bank Crisis

Daily MailJuly 03, 2008

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Summary


ANOTHER Northern Rockstyle crisis cannot be entirely ruled out, the incoming chairman of the Financial Services Authority has warned.

Lord Adair Turner of Ecchinswell, who takes the helm of the City regulator in September, told the Treasury Committee: 'However hard one tries, something will go wrong.' He added: 'I would be amazed if there isn't at least one thing which you and others will criticise me and the FSA for in five years time.

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New Fsa Boss Warns of Another Bank Crisis

'I don't think the regul...

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