Bank recovery and resolution

Bank recovery and resolution guidance:

This Practice Note provides high-level guidance on the administration regimes for UK banks, investment firms, building societies and investment banks under: • the Banking...

Practice Note

Background to the BRRD This Practice Note summarises the core provisions included in the Bank Recovery and Resolution Directive 2014/59/EU (BRRD). The BRRD proposed a...

Practice Note

Purpose and application of BRRD technical standards and guidelines The Bank Recovery and Resolutions Directive 2014/59/EU (BRRD) mandates the European Banking Authority...

Practice Note

A package of legislation intended to reduce risks in the EU banking sector, known as the ‘banking package’, was published in the Official Journal of the EU on 7 June...

Practice Note

The US effort to end the ‘too-big-to-fail’ phenomenon which has seen controversial government support of the largest failing banks or other financial institutions is...

Practice Note

Financial services firms and insolvency provisions in FSMA 2000 The provisions in Part XXIV of the Financial Services and Markets Act 2000 (FSMA 2000) allow the...

Practice Note

This Brexit Bank Recovery and Resolution Directive 2014/59/EU quick guide details current UK legislation and retained EU legislation that will be amended and/or revoked...

Practice Note

Origins of Minimum Requirements for Own Funds and Eligible Liabilities The origins of Minimum Requirements for Own Funds and Eligible Liabilities (MREL) lie in the hard...

Practice Note

Brexit impact As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...

Practice Note

Banking Act 2009 The first outline proposals designed for the recovery and resolution of a failing financial institution were produced in the immediate aftermath of the...

Practice Note

Brexit impact As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...

Practice Note

Brexit impact As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...

Practice Note

Brexit impact As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...

Practice Note

This Practice Note contains information on Finance Act 2019 (FA 2019) which received Royal Assent on 12 February 2019. It is being retained for historic interest as it...

Practice Note

The origins of the Special Resolution Regime The special resolution regime for banks is found in the Banking Act 2009 (BA 2009). This Act replaced previous...

Practice Note

Purpose of the Credit Institutions (Reorganisation and Winding Up) Directive The Credit Institutions (Reorganisation and Winding Up) Directive 2001/24/EC (CIWUD) was...

Practice Note

Origins of TLAC The origins of the international concept of total loss absorbing capacity (TLAC) lie in the lessons learned during the financial crisis. When the crisis...

Practice Note

BREXIT: As of exit day (31 January 2020), the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...

Practice Note