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Mon 11 Nov 2008Banking on innovation
BANKING: Banking expert David Lascelles believes that while financial innovation has been sullied in the current credit crisis, it will always find ways around regulation, writes SIMON CARSWELL
LIFE AS a financial whizz kid, devising new credit instruments to sell on to investors might be over now that the global banking crisis has damned the investment banking model forever. However, one experienced banking commentator believes financial innovation will find life again, possibly amid the chaos.
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