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Finance

UK has most to learn from French lesson

By Stewart Fleming  -  31.01.2008 / 00:00 CET
In 1999, in the wake of the Asian and Russian debt crises and the collapse of the Long Term Capital Management hedge fund, William McDonough, then the president of the New York Federal Reserve Bank and chairman of the Basel Committee on Banking Supervision, foresaw a revolution in bank regulation and supervision.

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