Breakingviews | Too Complex To Fail

Considered view

03 Nov 2009 09:43

The Lord taketh away

By George Hay

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Regulators want to avoid the collapse of another international giant like Lehman. Turning all cross-border wholesale banks into capital federalists like HSBC is probably a non-starter. But Lord Turner’s alternative - that refuseniks should hold more capital – is worth exploring.

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