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Banks are 'too big to prosecute', says FSA's Andrew Bailey

Andrew Bailey, chief executive designate of the Prudential Regulation Authority, admitted large banks had become too big to prosecute, raising 'very difficult questions' for regulators.

Andrew Bailey is head of the Prudential Regulation Authority Photo: Paul Grover

By Harry Wilson, Banking Correspondent

6:30AM GMT 14 Dec 2012

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Banks and Finance

In Banks and Finance

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