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Thursday, May 3, 2012

''Sir Mervyn King tells George Osborne: you must act now to tame the City''

From The Independent


"The Governor of the Bank of England, Sir Mervyn King, has demanded that the Government speed up its reform of Britain's financial sector. He also attacked bankers for resisting new financial regulation in order to protect their large bonuses.

Sir Mervyn warned last night that "vested interests" in the City of London were trying to scupper reforms meant to prevent another crisis."

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