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UK prop-trading ban would be ‘extraordinarily difficult,’ regulator says

By Sebastian Chrispin ( January 25, 2013, 16:10 GMT | Insight) -- An American-style ban on proprietary trading by banks would be hard to implement in the UK, a senior British regulator has told parliamentarians. It would be “extraordinarily difficult” to isolate the transactions, in which banks make risky bets with their own money, from other potentially beneficial activities, said Paul Sharma of the Financial Services Authority.Brussels – An American-style ban on proprietary trading by banks would be hard to implement in the UK, a senior British regulator told parliamentarians yesterday....

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