Treasury assembles bank liaison group

The Economic Secretary to the Treasury, Ian Pearson MP, says the group will work with the Government to develop secondary legislation for the special resolution regime (SRR). This group will include key representatives from the banking sector, experts in financial law and insolvency, members of the Tripartite Authorities and the Financial Services Compensation Scheme. Pearson says he is determined to work closely with business experts to ensure the SRR is effective and up to date. "The Treasury has worked closely with business and other groups throughout the process of developing this...