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Tuesday, 28 June 2016

Bank firewalls: a guide for the perplexed

Fellowship of the ring

The UK, U.S. and Europe have different ideas about partitioning their banks. The Vickers, Volcker and Liikanen plans reflect divergences in the regions’ pre-crisis banking systems, and how badly taxpayers suffered. Breakingviews mulls over whether their lack of agreement matters.

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