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The UK Government published a report setting out it’s initial thinking on reforms to strengthen the
The report outlines the Government’s thinking on the changes to market practice, regulation, and insolvency law that might be needed to deal with any future failure of a major investment bank.
It considers the treatment of investment banking clients after default, the future of their assets, and the treatment of their open or unreconciled trading positions. It also examines what can be done to make the process of insolvency more effective, and to limit the damage that may be done by a failing investment bank.