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Tuesday, January 24, 2012

''OECD urges tough rules for Swiss banking giants''

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"Stricter bank rules drawn up by the Swiss government to prevent the need for costly bailouts do not go far enough, the Organisation for Economic Cooperation and Development said on Tuesday.


In its latest survey, the body urged more stringent -- and speedier -- regulations for Switzerland's two biggest banks to protect the economy and taxpayers in times of financial crisis."

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