This Practice Note provides high-level guidance on the administration regimes for UK banks, investment firms, building societies and investment banks under: • the Banking...
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...
Purpose and application of BRRD technical standards and guidelines The Bank Recovery and Resolutions Directive 2014/59/EU (BRRD) mandates the European Banking Authority...
The Financial Services (Banking Reform) Act 2013 (FS(BR)A 2013) received Royal Assent on 18 December 2013. . There are eight parts and ten schedules in FS(BR)A 2013....
The Financial Services (Banking Reform) Act 2013 (FS(BR)A 2013) received Royal Assent on 18 December 2013. There are eight parts and ten schedules in FS(BR)A 2013....
Rationale for bank ring-fencing transfer schemes (RFTS) Ring-fencing of day-to-day banking services (eg current accounts, savings and payments) and separation of retail...
Financial Services (Banking Reform) Act 2013 The Financial Services (Banking Reform) Act 2013 (FS(BR)A 2013) received Royal Assent on 18 December 2013. For further...
This Practice Note outlines the key changes to UK banking reform adopted following the Financial Services (Banking Reform) Act 2013 (FS(BR)A 2013) (Banking Reform Act)....
Rationale for bank ring-fencing transfer schemes (RFTS) Ring-fencing of day-to-day banking services (eg current accounts, savings and payments) and separation of retail...
Rationale for bank ring-fencing transfer schemes (RFTS) Ring-fencing of day-to-day banking services (eg current accounts, savings and payments) and separation of retail...
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...
What is the MMF Regulation? Following its work on shadow banking and investment funds, the European Commission identified a number of concerns about money market funds...
Rationale for bank ring-fencing transfer schemes (RFTS) Ring-fencing of day-to-day banking services (eg current accounts, savings and payments) and separation of retail...
Rationale for bank ring-fencing transfer schemes (RFTS) Ring-fencing of day-to-day banking services (eg current accounts, savings and payments) and the separation of...
BREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation period during which it continues to be treated by the EU as a...
Structural banking reform and ring-fencing The global financial crisis revealed the need for international structural banking reform. In the UK, the Government introduced...
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...
Rationale The European Commission (the Commission) adopted a temporary State aid framework following the collapse of Lehman Brothers in 2008/2009 to enable Member States...
The Crisis Communications The Impaired Assets Communication is one of the suite of Crisis Communications from the European Commission (the Commission) setting out the...
The Crisis Communications The Recapitalisation Communication is one of the suite of Crisis Communications from The European Commission (the Commission) setting out the...
The Crisis Communications The Restructuring Communication is one of the suite of Crisis Communications from The European Commission (the Commission) setting out the...
This Practice Note provides a summary of work carried out by the European Commission's High-Level Expert Group (HLEG). The HLEG was set up in February 2012 to consider...
Background The financial and economic crisis highlighted the increasing risk of financial fragmentation within the internal market for banking services in the European...
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...
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...
This Practice Note outlines the key changes to UK banking reform as adopted by the Financial Services (Banking Reform) Act 2013 (FS(BR)A 2013) including ring-fencing...