International Regulatory Strategy Group
Published 15 Nov 2012
This IRSG response to HM Treasury’s consultation on a possible recovery and resolution framework for financial institutions other than banks welcomes the UK taking a lead on these issues but cautions against the UK developing a unilateral solution in advance of European regulation in this area. The aim of any legislation in this area should be continuity of service and the preservation of financial stability.
The group highlighted a number of issues including:
You may also be interested in the following related responses:
IRSG response to Swinburne report on non-bank resolution
IRSG Response to European Commission Consultation on a Possible Recovery and Resolution Framework for Financial Institutions Other Than Banks