boe speech, 2006-11-13
In particular: the potential difficulty in amassing a complete picture of the health of firms and capital markets in crisis from different authorities; the potential complexity of large firm structures, where entities within a firm may be subject to different legal arrangements, preference rules and rules concerning ownership interests and creditor arrangements; and the possible technical difficulties in winding down an entity that is engaged in complex trading strategies.
Sentiment: neutral
Topic: financial_stability