UK banks will have to publish `living wills` to ensure `orderly failure`
(The Guardian Business News)

Bank of England moves to prevent repeat of lenders going bust during financial crisisBritain´s largest lenders will have to publicly disclose whether they can afford to foot the bill for their own failures and wind down in an `orderly` way, as part of the Bank of England´s latest efforts to avoid a repeat of crisis-era bailouts.The public assessments of so-called `living wills` are part of the central bank´s efforts to ensure lenders can fail safely, without needing government cash or causing major disruption across financial markets, by 2022. Continue reading...