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US-UK+%27war+game%27+to+simulate+failure+of+global+bank
Sunday, 12 October 2014 - 7:56
US-UK 'war game' to simulate failure of global bank
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Regulators in the United States and Britain will carry out their first so-called war game to simulate the failure of a major cross-border bank as they test their defences against the type of crisis that crippled the financial system in 2008.

The exercise, involving US Federal Reserve chairwoman Janet Yellen and Bank of England governor will take place tomorrow in Washington and is aimed at testing the global framework on bank resolution to ensure that no lender is too big to fail, according to the British finance ministry.
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