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Page last updated at 07:47 GMT, Saturday, 27 June 2009 08:47 UK

Should Bank of England regulate institutions?

How will the government regulate the banking industry to avoid another financial crisis?

Gillian Tett, of the Financial Times, considers if current plans are tough enough on the financial sector. Shadow chancellor George Osborne says his party is considering giving the Bank of England the power to regulate individual banks.

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