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Thursday, November 01, 2007

Bankers Discuss Northern Rock

The UK's leading banks will meet the Treasury, the Bank of England and the Financial Services Authority today to discuss whether a full inquiry is needed into the Northern Rock debacle.

The talks will be held at a meeting, hosted by the British Bankers Association, about the credit crunch.

The meeting will also focus on whether structural legislative changes are required in order to prevent this debacle happening again. In other words the tripartite system of regulation has failed, and changes need to be made.

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