On 13th July 2022, the Single Resolution Board (“SRB”) published their first ever public assessment of bank resolvability. This follows a...
Today, for the first time, the eight largest UK Banks and Building Societies (“firms”) publicly disclosed a summary of their preparations...
Six common weaknesses in wind-down plans “We therefore intend to do more in the coming years to increase our confidence that firms can...
This blog was published on 22 September 2021. The PRA remains concerned over the quality of regulatory reporting following the findings...
The global financial crisis of 2008 originally highlighted the need for recovery plans and the UK’s regulatory approach to them has been...
Restructuring is a fundamental part of bank resolution. While bail-in can recapitalise a failing firm, restructuring will be required to...
Resolution is much more than just a capital issue – a material capital shortfall will almost certainly lead to a liquidity shortfall and...
In July 2019, the Bank of England (BoE) published its final Policy Statement on the Resolvability Assessment Framework (RAF).Subsequent...