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UK govt hasn't responded to request for guidance on greater risk, FCA chief says

By Sofia Gerace ( October 9, 2025, 16:18 GMT | Insight) -- The UK government has yet to respond to requests for guidance on what would constitute an acceptable level of failure as a result of additional risk in the banking sector, the head of the country's financial services regulator said on Thursday. The Financial Conduct Authority has repeatedly requested metrics for so-called tolerable failure, which it says is key for enabling the sector to take on the additional risk the government argues is necessary to help the economy grow.The UK government has yet to respond to requests for guidance on what would constitute an acceptable level of failure as a result of additional risk in the banking sector, the head of the country's financial services regulator said on Thursday. ...

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