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Reg rageSeptember 2 2019

UK ‘living will’ disclosure requirements troubling banks

Under the UK’s resolution framework, banks will have to disclose a substantial part of their planning to the public – something that is causing them considerable concern. Justin Pugsley reports.
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What is happening?

The UK prudential regulatory authorities have stipulated that banks with a material presence in the country must publish resolution plans in the event of their demise, and aspects of this have not gone down well with the banking community. 

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