Recovery and resolution diverting attention from real risks, expert warns

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Simon Hills, BBA

Recovery and resolution plans (RRPs) for banks are diverting attention away from more pertinent risks, according to one legal regulatory expert.

The UK Financial Services Authority (FSA) released its update on RRPs yesterday, to mixed reactions. The update is intended to provide firms with clarity regarding what they will be expected to do while the industry awaits international clarification on the matter in the form of the EU Crisis Management Directive. The FSA also released draft 'core rules

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