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Legal News

: International and UK Law

FSA admits Northern Rock handling was unacceptable

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The head of the Financial Services Authority (FSA) admitted today that its handling of Northern Rock, the collapsed mortgage bank, had been unaccepatable as the regulator laid out a raft of plans to beef up its supervisory staff and put in place new procedures to prevent a repetition of the crisis.

Full post as published by International and UK Law on March 26, 2008 (boomark / email).

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