IMF calls on UK to widen scope of resolution regimes


UK authorities should consider expanding the Bank of England's (BoE) special resolution regime mechanism to include other potentially systemically important financial institutions (sifis), such as investment banks, insurance firms and payments system infrastructure providers, the IMF said in a report published on Wednesday.

In a technical note on crisis management and bank resolution in the UK, the Fund said that while the present modalities of the special resolution regime may not fit such firm

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