Lobbyist complains about UK bank wind-down rules

BankofEngland_PA_230x150_6Jan2020
By Jasper Cox
06 Jan 2020

UK Finance has said that the array of different regulatory requirements for firms is increasing operational risks, with the approach to solvent wind-downs one example of regulators contradicting each other.

The industry group, which represents more than 250 firms, said that regulation for financial services in the UK involved “multiple public sector bodies regulating banking and finance firms in ways that frequently overlap”.

It said regulatory change “accounts for increasing operational risk in the financial-services system and a ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.