I1L2T3 Posted October 17, 2011 Share Posted October 17, 2011 Presumably legislation exists that allows a bank to temporarily suspend transactions if a run appears to be occurring? Not sure. The BoE can step in as a lender of last resort as well. Link to comment Share on other sites More sharing options...
Cyclone Posted October 17, 2011 Share Posted October 17, 2011 Not guaranteed to though, Northern Rock was allowed to fail wasn't it. The guarantee scheme has been extended to cover a larger amount now, 85k isn't it? But amounts above that aren't guaranteed at all. Link to comment Share on other sites More sharing options...
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