King tells banks to set out their last will

Jones, Lee
June 2009
Money Marketing;6/25/2009, p21
The article reports on the call for banks to create a deconstruction plan in the event of financial institution bankruptcy by Bank of England (BoE) governor Mervyn King in Great Britain. King comments that a plan for an orderly wind-down of activities can provide information to the authorities, without which decisions about the future of institutions are difficult to make. It mentions that King reiterated his request to give BoE greater power to maintain financial stability.


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