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Treasury to unveil investment banking safeguards

The Treasury will today unveil plans to increase protection for clients and counterparties of failing investment banks in a bid to prevent a repeat of the aftermath of the Lehman Brothers collapse.

The move aims to ensure a wind-down of investment banks and particularly cross-border institutions to help stop legal issues arising when banks fail.

City Minister Lord Myners will announce the proposals today and according to the Financial Times, one of these would require banks to keep up-to-date centralised information about their counterparties.

It will also include measures to make it easier to segregate and transfer client assets in case of failures.

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