Policy-makers debate how to restore trust in the financial system

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Speakers at a British Bankers' Association (BBA) conference in London stressed the necessity of rebuilding trust in the financial system and deliberated whether this should be achieved through regulation or cultural change.

Andrew Tyrie, chairman of the Treasury Select Committee, urged banks to serve the wider community through greater competition and shared incentives. He identified a range of measures as responsible for the financial crisis, including an implicit bail-out guarantee

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