UK banking crisis: testimony
The academics were Alan Morrison, a professor of finance, Said Business School, Oxford University, Andrew Lilico, director, europe economics; and Kern Alexander, senior research fellow at the Centre for Financial Analysis and Policy (CFAP), Cambridge University.
"One of the major failures in regulation over the last ten years certainly in the US and in the UK has been that the regulation was too market-sensitive, it focused on the individual institution and did not take into account the level of
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