Wind down plans in case of platform collapse
Dec 6, 2019 22:00:39 GMT
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ozboy and baboonery like this
Post by zlb on Dec 6, 2019 22:00:39 GMT
So platforms have to announce their wind down plans. Those in collapsed platforms are already seeing that plans aren't what they were advertised as being or costing to the lender. Perhaps it's a weak demand from the FCA for there to be one if it can be changed after the event.
What could be done to improve this scenario? Wind down without protection of investor money? Does the FCA know that these plans seem to be open to change? What's the point of them if they are?
What could be done to improve this scenario? Wind down without protection of investor money? Does the FCA know that these plans seem to be open to change? What's the point of them if they are?