Banks should be allowed to fail - BoE

The Bank of England has emphasised the need for banks to face "a credible threat of closure", and recommended higher capital and liquidity reserves. "To control risk-taking, financial institutions need to face a credible threat of closure. The establishment of the UK Special Resolution Regime has increased the prospect of orderly failures of deposit-taking institutions. Greater challenges exist in dealing with failures of international financial groups," the Bank said.

Banks should draw up

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here