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Recovery & Resolution Plans

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Published: 24th May 2012 by William Webster

During the financial crisis we learnt that banks of all sizes can and do fail. What's more disentangling the business in an orderly and timely fashion was made difficult by complexity. What was the conclusion?

Having plans to deal with failure would help in a restructuring without creating undue systemic risk and taxpayer funded support.

With this in mind the FSA produced consultation paper 11/16, feedback statement 12/1 and draft changes to the Financial Stability and Market Confidence Sourcebook.

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