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FSA chief expects tough rules to cut frequency of bank rescues
Taxpayer-funded bank rescues might never truly be a thing of the past, but stricter rules should greatly reduce their occurrence, UK Financial Services Authority Chairman Adair Turner said. "The honest truth is that if you believe you have forever completely destroyed the possibility of a taxpayer input, we're probably fooling ourselves," Turner told a parliamentary commission. "But if we are successful, we are reducing the periodicity of a taxpayer input from once every 50 years to once every 200 years."

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