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Entering an era of hard-line regulation

The days of light-touch regulation are over, says FSA head

Anyone who has not been living on a desert island for the past month will realise by now that the regulation and supervision of financial services firms is going to be tightened up considerably on a global basis. This was confirmed in the UK this week by Lord Turner’s warning that the age of light-touch regulation is over, and the hearings scheduled in Washington, DC next week to discuss future US

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