Big firms face tough checks

York, Nicola
July 2009
Money Marketing;7/16/2009, p24
The article reports on the enhanced prudential regulation and stronger capital requirement plans of Chancellor Alistair Darling and their possible effect to several financial institutions in Great Britain. It mentions that these companies will be facing several regulations, particularly in higher capital requirements and their flaws. Stephen Haddrill, director general of Association of British Insurers, cites the relevance of the improved capital requirements to the country's banking system.


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