No Redress Over Icelandic Fiasco

Summary


A GOVERNMENT investment watchdog will not be brought in to monitor council finances in the wake of the Icelandic banking crisis.

Millions of pounds of council taxpayers' cash in Gloucestershire was put at risk during the 2008 collapse.

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Extract


No Redress Over Icelandic Fiasco

A group of MPs had urged a change in the law which would allow the Financial Services Authority t...

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