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Research sheds light on regulatory divide

UK financial institutions are more supportive of a local systemic risk regulator than their counterparts in both the rest of Europe and the US, according to new research that sheds light on the differing opinions on how best to tackle the global financial crisis.

Connecticut-based research firm Greenwich Associates surveyed 458 large corporations and financial institutions across North America, Europe and Asia and canvassed opinion on the regulation of their domestic financial systems going forward.

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