FSA’s Bailey calls on banks to plan for eurozone break-up
Andrew Bailey, director of UK banks and building societies at the Financial Services Authority, on Thursday said banks should have contingency plans in place for a possible eurozone split.
Speaking at the Future of Retail Banking Conference in London, he said: "Good risk management means planning for unlikely but severe scenarios, and this means that we must not ignore the prospect of the disorderly departure of some countries from the eurozone. I offer no view on whether it will happen, but it
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