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London Bankers Fight Fsa And Eu

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Lord Mayor of the City of London. Mayor Ian Luder said financial services were “a national asset” and toasted Queen Elizabeth II. Luder criticized Adair Turner, chairman of the Financial Services Authority, who has said some banking activities are “socially useless.”

“Few people realize more than you the vital role the financial-services sector plays in providing the fuel for our economy,” Luder said to Turner. “We must do nothing in the spheres of tax, regulation and other business bureaucracy which damages our competitiveness.”


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