Lobbyist complains about UK bank wind-down rules
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 ...
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