Turner and Sants of the FSA appeared before the Treasury select committee today, and finally fingered NuLab as the architects of Britain’s financial woes. I don’t see how Brown can dodge this one when normal hostilities resume. Among the highlights, reported by Pesto : \’The FSA [will] be increasing the capital requirements for the trading activities of banks by several hundred per cent. This means that the securities trading and investment banking activities will become more expensive for
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