''Financial Services Authority worked with banking groups to protect City interests, papers reveal''

From The Guardian

''The Financial Services Authority is meant to be the City's watchdog but "devastating" internal documents reveal it has secretly co-ordinated high-level lobbying strategies with the industry it is supposed to police.

The documents come from previously restricted minutes of meetings between the FSA and 13 powerful financial industry trade bodies, including the British Bankers Association (BBA) and the Association of Financial Markets in Europe.''

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