FCA presses UK non-banks to put their affairs in order
Greater scrutiny of wind-down plans by regulator could alter capital and liquidity requirements
Writing a will is something we often feel we should do, but most of us put it off because it reminds us of our own mortality.
Companies are similarly reticent when it comes to thinking about their own potential demise. Yet non-bank financial firms in the UK are having to face up to the reality as the country’s financial regulator increases its scrutiny of their own “living wills”.
Wind-down arrangements, and the resources firms need to put them into effect, form a crucial component of the capital
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