Credit institutions

Credit institutions guidance:

This Practice Note provides an overview of the role and operation of the Financial Services Compensation Scheme (FSCS) and the ranking of deposits protected by it in the...

Practice Note

The work and foundations of BIS The Bank for International Settlements (BIS) assists central banks in relation to monetary and financial stability. Its head office is in...

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

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...

Practice Note

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....

Practice Note

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...

Practice Note

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)....

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

Non-bank credit intermediation and financial stability The shadow banking system is a form of credit intermediation involving entities and activities outside the regular...

Practice Note

The Financial Stability Board (FSB) was established to co-ordinate elements of international work towards the implementation of effective regulatory, supervisory and...

Practice Note

Background to the Volcker Rule and implementation The rules which came about from the so-called Volcker Rule provisions of the Dodd-Frank Wall Street Reform and Consumer...

Practice Note

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...

Practice Note

BREXIT: The UK is leaving the EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this Practice Note. For further guidance on...

Practice Note

Background One of the many issues adding to the complexity of the Lehman Brothers failure was the dispute over the beneficial ownership of certain fixed...

Practice Note

How did the problem arise? Lehman Brothers International Europe (in administration) (LBIE) was (rather unusually) a private unlimited company and was the UK subsidiary of...

Practice Note

The collapse of Lehmans The Lehman group had over 650 legal entities located in over 40 different countries. It was the fourth largest investment bank in the US and its...

Practice Note