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The Independent UK
The Independent UK
National
Jon Stone

Tory minister suggests banks sue Bank of England over strict regulations

Bank of England Andrew Griffith
AP

A UK government minister has suggested banks could sue the Bank of England over strict financial regulations aimed at preventing another crash.

Andrew Griffith, the City minister, raised the prospect of legal action against the Basel 3.1 reforms during a discussion with banking representatives, the Bloomberg news agency reports.

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