Turner on the defensive: says FSA could have been ‘more alert’ but warns of limits of regulation

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Turner on the defensive: says FSA could have been ‘more alert’ but warns of limits of regulation

UK regulators went on the defensive this week in an effort to counter politicians’ criticism that they were "asleep at the wheel" while traders and other staff at Barclays sought to manipulate the Libor fixing process before and during the credit crisis.

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