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In the hallowed cloisters of Christ’s College, Cambridge, officials from the world’s leading central banks will gather behind closed doors from today to swap ideas and best practice … ‘The memorandum created the impression they were working together fine, but there’s still competition and jealousy of each other’s turf. The Bank still considers itself to have some residual authority over the FSA,’ says Kern Alexander, a senior fellow in international financial law at the Judge Institute in Cambridge.

Read the full article [theguardian.com]