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Following the demise of some of the most prestigious financial institutions in recent history, due to the recent financial crisis, issues concerning the recovery and resolution of banks and other significant financial institutions in the UK have been highlighted. Due to the enormous cost, both financial and reputational, of the increased need for public money to be used to support the largest “too big to fail” banks and others, the UK authorities have decided that they need to have better control over any possible future institution that falls upon hard times.
Recovery & Resolution plans need a great deal of work in setting them up and there are greater implications by having them, requiring careful management.
Call 0800 689 9 689 to arrange an initial discussion.