Financial regulator 'urges British banks to prepare for the collapse of the euro'

Daily Mail
"British banks have been told that they need to prepare for the break up of the single currency.The Financial Services Authority told the UK's banking giants late last week that they must 'accelerate their contingency planning for the the break-up of the euro'.'We cannot be, and are not, complacent on this front, said Andrew Bailey, deputy head of the FSA's Prudential Business Unit.The revelation comes after it was revealed multinational companies are drawing up contingency plans in preparation for the possible break-up of the eurozone.Senior executives at a number of leading global conglomerates have hinted that they can no longer assume that political leaders will be able to save the single currency, it has been reported."