ERM Frameworks and Responses to risk [48]

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Bullet points include: Governments (and electorates) don’t like bailing out failing firms Living wills (aka ‘recovery and resolution plans’) People die. Doing so without a will creates problems for heirs Companies also die, despite existing management’s protestations to the contrary Advocates see living wills as a facilitating process. Companies worried that it may lead to less efficient corporate structuring (or more work?) Changes to legal frameworks for winding up such companies

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