#27 Mini-pod: What happens behind the scenes before we declare a firm ‘in default’?
A lot goes on behind the scenes before we can declare a financial firm ‘in default’, the technical term for a firm that’s gone bust and can’t pay claims against it. Here we talk through what’s involved to bring this often invisible work to light.
Transcript of episode 27
Read the transcript of episode 27 here (PDF 107KB).
The content of any discussions shouldn't be taken as an indication of future FSCS policy positions. The views expressed by guest speakers are their own and don't reflect the views of FSCS.