How to ensure next Credit Suisse fails ‘well’
Regulators are planning changes to resolution rules after criticism that living wills were ignored in previous bank collapses
Wills are often the subject of bitter dispute, sparking years of acrimony and costly legal wrangling. Bank resolution plans – or ‘living wills’ as they are sometimes known – are proving no different. The failures of Credit Suisse, Silicon Valley Bank and Signature Bank over 10 febrile days in March 2023 have provoked intense debate over the effectiveness of resolution frameworks in the US and
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