Regulator's new powers have the wrong focus

Cleary, Alan
January 2008
Mortgage Strategy;1/14/2008, p25
Trade Publication
The author reflects on the power given by Chancellor Alistair Darling to the Financial Services Authority (FSA) to deal with failing banks in Great Britain. The author argues that the chancellor's focus in making sure that banks in trouble, especially to LIBOR, have enough cash to keep going is on the wrong area. He suggests that Darling should be working on decisive action to ensure that liquidity is restored.


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