UK banks must remain under national supervision, says Lloyds chief

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Win Bischoff, chairman of Lloyds Banking Group, believes UK banks should remain under the supervision of national regulatory bodies, despite endorsing efforts for a common regulatory rulebook in the European Union.

Bischoff, speaking at a conference entitled the Emerging Regulatory Structure for the UK Banking Industry in London on June 13, said the introduction of a pan-European rulebook for banking supervision had "considerable merit" as it would ensure "consistency in Europe" and ensure there

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