Living wills the way forward: Britain’s FSA

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Britain's Financial Services Authority (FSA) has echoed the G20 position that capital and liquidity requirements should be raised in a discussion paper published on Thursday.

Adair Turner, the chairman of the FSA, said: "The overall level of capital required in the banking system must be significantly increased over time, while liquidity standards must be significantly tightened. These changes are required to create a more stable financial system for the long-term: the challenge now is to determ

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