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Scoop from TraderWise
3

FSA Requests Additional Stress Testing

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Britain officially emerged from its two-year recession in the final quarter of 2009, but a recent communiqué from the country’s main financial regulator, suggests that a return to recession is not out of the question. The Financial Services Authority (FSA) recently requested that financial institutions undergo another round of “stress tests” to ensure the nation’s major banking institutions can withstand a greater decline in growth than originally projected.

 
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