The Financial Services Authority would have failed to stop Nick Leeson bringing down Barings, Tory accountant MP David Heathcoat-Amory warned in the Commons. He would have slipped past tough new powers to vet key personnel and authorise financial trading activities, he told the committee debating the details of legislation setting up the FSA.
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Saturn's rings only formed in the past 100 million years, suggests analysis of Cassini space probe data
New findings contradict conventional belief that Saturn's rings were formed along with the planet about 4.5 billion years ago