International financial regulation centre planned
LONDON - A new International Centre for Financial Regulation (ICFR) will be officially launched by the end of the year. The ICFR is an industry-led project independent of the UK government that aims to become an international centre of excellence focused entirely on financial regulation.
The idea for the centre emerged during a meeting of the high-level group of senior industry representatives that was set up by the-then chancellor Gordon Brown in 2006 to promote London's competitiveness as a
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