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Archive

Simon Turmaine | March 20, 2012

LONDON – Although considerable progress has been made by banks in drawing up recovery and resolution plans (RRP) or ‘living wills,’ the approaches adopted vary considerably by cost, timescales, and by definition of what a ‘complete’ plan looks like. This is the primary conclusion that emerges from a survey of the world’s largest banks published in early March by Ernst & Young, the professional services firm.

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