BoE unveils ‘final major piece’ of UK resolution regime
Consultations outline how the Bank of England will assess “resolvability” of banks
The Bank of England (BoE) unveiled what it calls the “final major piece” of the UK’s post-crisis resolution regime on December 18.
The resolvability assessment framework is designed to ensure banks are sufficiently prepared for an orderly resolution, if required, and to increase the transparency of their 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, while
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