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

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

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This Practice Note has been archived and is not maintained. Rationale for bank ring-fencing transfer schemes (RFTS) Ring-fencing of day-to-day banking services (eg...

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: 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

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 income and equity...

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

Trust property One of the many issues adding to the complexity of the Lehmans failure was the fact that various clients of the Lehman Group deposited either: • assets (eg...

Practice Note

How the issue arose One of the many issues adding to the complexity of the Lehmans failure is dispute over financial support directions (FSDs) and contribution notices...

Practice Note

Introduction The collapse of Lehmans on 15 September 2008 was marked by the following key events: DateEvent 5 to 12 September 2008The share price of the Lehman Group's...

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 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

PRA Enforcement Priorities The Financial Services and Markets Act 2000 (FSMA 2000) grants the PRA statutory powers to discipline PRA-authorised firms in the event that...

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 the separation of...

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
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