FCWGFire Control Working Group
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The FCWG suggest a loss-sharing model based on their proposition of a shareholder model for the Bank of England.
We follow the FCWG (2013) suggestion that costs be shared on a per capita basis.
The FCWG proposal is that the loss to Scottish banks should be shared equally by citizens in the UK and Scotland, so that Scotland would transfer 1/11 of the cost of recapitalisation or 10/11 to the UK, while the UK would bear 10/11 or 100/11 X of the cost.