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New RBS chairman defends his record as regulator

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Incoming Royal Bank of Scotland chairman Howard Davies has defended his role in setting up the financial regulator that presided over the near meltdown of Britain's banking system.

London

INCOMING Royal Bank of Scotland chairman Howard Davies has defended his role in setting up the financial regulator that presided over the near meltdown of Britain's banking system.

Mr Davies was a surprise appointment to succeed Philip Hampton as chairman of state-controlled

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