Financial Times FT.com

Lehman Brothers

Living wills ‘to be forced on UK banks’

By Chris Giles, George Parker, Patrick Jenkins in London and Sundeep Tucker in Hong Kong

Published: September 14 2009 23:35 | Last updated: September 14 2009 23:35

Alistair Darling
Alistair Darling: ‘I do worry when an organisation is structured for tax purposes rather than for the efficiency of its business and the strength of its business’

Alistair Darling is planning legislation this autumn to force British banks to draw up “living wills” so that they can be dismantled more easily in any future financial crisis.

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