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Page last updated at 10:22 GMT, Sunday, 19 July 2009 11:22 UK

Tories plan key banking reforms

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Shadow Chancellor George Osborne has revealed plans to abolish the Financial Services Authority as part of the Tories' banking reform plans to be set out in a white paper on Monday.

Speaking on Sunday AM with Andrew Marr, Mr Osborne said "the system that Gordon Brown created patently failed".

READ MORE: Tories to unveil bank reform plan

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