Bankers warn against financial protectionism

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In a report released on Thursday, the Institute of International Finance (IIF), the Washington-based representative body for the banking industry, warned against the risk of protectionism in the financial services sector as governments try to restore order to markets and encourage players to rebuild balance sheets.

The report noted that despite the G20's pledge to prevent financial protectionism, "recent months have seen a growing number of measures the effect of which is to cause fragmentation

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