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FSA complex groups: The UK's Financial Services Authority (FSA) will include a "complex groups division" to regulate institutions that operate in a wide range of financial activities or trade in complex instruments, says Howard Davies, chairman of the FSA.
The FSA's complex groups division will be led by Oliver Page, currently deputy director of the Bank of England, he adds. The division's remit will cover all the major UK banks as well as international securities houses with large London
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