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Fri 10 Oct 2008Regulator requests new business plans from six banks
THE FINANCIAL Regulator has asked the six Irish banks covered under the State guarantee for new business plans showing how they plan to reduce risks facing them and has placed "officers" in each bank to scrutinise how they will be run.
The regulator's closer vigilance of the four banks and two building societies emerges as the banks prepare to submit formal "acceptance deeds" later today confirming their participation in the scheme.
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