Member

Can the Minister please explain how costs can be recouped in such situations? Do we need to strengthen any regulations to ensure that the wider industry is not expected to pick up the cost while management and shareholders can walk away with full pockets? How do we ensure that a decision by the Bank of England to undertake a resolution process at the cost of the industry does not lead to an advantage to either management or shareholders who may be at fault? That would introduce a level of moral hazard that would be unacceptable.