Financial institutions will have to consider radical changes
to their business structure and regularly report derivatives
positions and interbank exposures as part of the UK's proposed
recovery and resolution plans.
In a consultation paper released on August 9, banks and large
investment firms in the UK with assets exceeding £15
billion are required to coordinate resolution and recovery
plans, or living wills, with the UK Financial Services
Authority.The consultation paper sets out specific features
which the recovery plans require. Firms need to consider as
range of options for sustaining and restoring capital and
liquidity resources and profitability during a...