Financial Regulatory Forum

UK must erase taxpayer subsidy for banks – minister

By Reuters Staff
March 8, 2010

By Matt Falloon

LONDON, March 8 (Reuters) – Britain wants to remove the implicit taxpayer subsidy to banks but must not be left alone in clamping down on the financial sector, financial services minister Paul Myners said on Monday.

UK says “living wills” to drive bank restructurings

By Reuters Staff
September 18, 2009

British Financial Services Minister Paul Myners (file) By Huw Jones
LONDON, Sept 18 (Reuters) – Mandatory “living wills” for banks in Britain will spark major restructuring in the sector in the next few years, a UK minister said on Friday.

UK’s Darling to force ‘living wills’ on banks – report

By Reuters Staff
September 15, 2009

LONDON, Sept 15 (Reuters) – UK Finance Minister Alistair Darling plans to force the country’s banks to draw up ‘living wills’ that would allow them to be dismantled more easily in the event of another financial crisis, the Financial Times reported.