Bank recovery and resolution regime and insolvency

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This Overview provides a guide to the Lexis+® UK Financial Services content within the Bank recovery and resolution regime and insolvency subtopic with links to the appropriate materials.

The UK bank recovery and resolution regime

Banking Act 2009 (BA 2009) established a permanent UK bank resolution framework—the Special Resolution Regime (SRR). The Financial Services Act 2010 amended the Financial Services and Markets Act 2000 (FSMA 2000) to require the then UK financial services regulator, the Financial Services Authority, to make rules for recovery and resolution plans. These rules, as later adopted and modified by the Prudential Regulation Authority, and together with the SRR, form the basis of the UK bank recovery and resolution regime.

For further information, see Practice Notes:

  1. •

    The UK bank recovery and resolution regime

  2. •

    Special resolution regime options

  3. •

    Special resolution regime for banks and building societies—rationale, scope, application and interpretation

  4. •

    Safeguards for shareholders, creditors and counterparties under the special resolution regime for banks, and

  5. •

    Powers of the authorities under the special resolution regime

Bank Recovery and Resolution

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Latest Financial Services News

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Law360, Expert analysis: On 2 September 2025, HM Treasury (HMT) published draft regulations that would amend the UK Money Laundering Regulations, or MLRs, and related financial services instruments. The analysis examines the implications of the proposed regulatory changes for the UK financial sector. The draft regulations reflect HMT's latest approach to updating the UK’s anti-money laundering (AML) regulatory framework. Azim Rahman, associate, and Dorota Maj, counsel at Ropes & Gray LLP, provide professional commentary on the potential effects for financial services firms operating under the current MLR regime.

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FCA publishes blogpost urging firms to act ahead of UK’s transition to T+1 settlement in 2027

The Financial Conduct Authority (FCA) has published a blogpost by Jamie Bell urging firms to accelerate preparations for the UK's transition to T+1 settlement on 11 October 2027. Under T+1, certain trades must settle one business day after execution. The change is intended to enhance market efficiency, reduce risk and align with international standards.

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