BoE unveils ‘final major piece’ of UK resolution regime
Consultations outline how the BoE will assess banks’ “resolvability”
The Bank of England unveiled what it says is the “final major piece” of the UK’s post-crisis resolution regime today (December 18).
The ‘resolvability assessment framework’ is designed to ensure banks are sufficiently prepared for an orderly resolution if needed, and to increase the transparency of banks’ preparations.
Two separate consultations govern the key components of the framework; one sets out how the BoE, as resolution authority, intends to assess individual banks’ resolvability
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