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The PRA considers this lack of capabilities to be a market failure, posing risks to the PRA’s safety and soundness objective, and has therefore decided to clarify its expectations in this area, for the largest firms, the destruction of trading book asset value in a disorderly wind-down risks impacting UK financial stability, due to the scale and interconnectivity of their trading activities.

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Reuters 3 years ago

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    "The BoE Quotes." Quotes.net. STANDS4 LLC, 2024. Web. 23 Nov. 2024. <https://www.quotes.net/citizen-quote/428361>.

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