The UK bank recovery and resolution regime


Published by a UUÂãÁÄÖ±²¥ Financial Services expert
Practice notes

The UK bank recovery and resolution regime


Published by a UUÂãÁÄÖ±²¥ Financial Services expert

Practice notes
imgtext

This Practice Note provides information on the UK bank recovery and resolution regime, including the Special Resolution Regime (SRR) under the Banking Act 2009 (BA 2009) and the related rules and guidance set out in the Prudential Regulation Authority (PRA) Rulebook, and in policy statements and other documents issued by the PRA, the Bank of England (BoE) and HM Treasury (HMT).

UK bank recovery and resolution regime—introduction

What are bank recovery and resolution?

Bank recovery is a way to restore a firm’s business to a stable and sustainable condition, in the event of severe stress.

Bank resolution is a way to manage the failure of a firm, with the aim of minimising the impact on depositors, the stability of the financial system and public finances.

What is the bank recovery and resolution regime?

The bank recovery and resolution regime is a set of measures which are intended to operate both proactively and reactively:

  1. •

    proactively by requiring credible plans to be made for the recovery and resolution of in-scope firms, and by requiring in-scope firms

Powered by Lexis+®
Jurisdiction(s):
United Kingdom
Related legal acts:

Popular documents

Banking regulation—Sri Lanka—Q&A guide

Banking regulation—Sri Lanka—Q&A guideThis Practice Note contains a jurisdiction-specific Q&A guide to banking regulation in Sri Lanka published as part of the Lexology Getting the Deal Through series by Law Business Research (published: March 2022).Authors: Tiruchelvam Associates—Heshika

If planning permission imposes restrictions on a licensed premises opening hours, once operational can

If planning permission imposes restrictions on a licensed premises opening hours, once operational can the personal licence holder apply for a Temporary Events Notice (TEN) to open for longer hours than those permitted in the planning permission?To use any property for a licensable activity both

Micklefield clauses

Micklefield clausesWhat is a Micklefield clause?It is common for employee share plans to provide that, on termination of employment (or when an employee is given or receives notice of termination of employment), subsisting share awards will be forfeited and subsisting share options will lapse.It is

What is the difference between an appeal and a review?

What is the difference between an appeal and a review?What is an appeal?An appeal in insolvency proceedings is no different to an appeal in normal litigation. An appeal will be allowed only if the appeal court is satisfied that the decision of the lower court was 'wrong' or 'unjust because of a