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Charities 'should be protected from bank failures'
Third Sector Online, 21 August 2008
The Charities Aid Foundation has written to Chancellor Alistair Darling and the Financial Services Authority requesting full compensation for charities if they lose money in bank failures.
CAF has asked for the proposal of full compensation for charities to be included in an FSA consultation on compensation limits, which will take place in the autumn. "We welcome the consultation and proposals for quick and efficient compensation payments in the event of bank failure, but would like to...
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