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UK watchdogs cowed, secretive: report
Add BT as a preferred sourcePublished Tue, Oct 25, 2016 · 09:50 PM
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London
TWO British watchdogs set up to apply lessons from the financial crisis will sleepwalk into the next banking meltdown if they don't make big changes, a report said on Tuesday.
Annual spending on financial regulation has tripled to £1.2 billion (S$2 billion) since taxpayers had to bail out a string of UK lenders in the 2008 banking crisis.
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