The UK bank recovery and resolution regime


Published by a ÀÏ˾»úÎçÒ¹¸£Àû Financial Services expert
Practice notes

The UK bank recovery and resolution regime


Published by a ÀÏ˾»úÎçÒ¹¸£Àû Financial Services expert

Practice notes
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This Practice Note provides information on the UK bank recovery and resolution regime, including the Special Resolution Regime (SRR) under the Banking Act 2009 (BA 2009) and the related rules and guidance set out in the Prudential Regulation Authority (PRA) Rulebook, and in policy statements and other documents issued by the PRA, the Bank of England (BoE) and HM Treasury (HMT).

UK bank recovery and resolution regime—introduction

What are bank recovery and resolution?

Bank recovery is a way to restore a firm’s business to a stable and sustainable condition, in the event of severe stress.

Bank resolution is a way to manage the failure of a firm, with the aim of minimising the impact on depositors, the stability of the financial system and public finances.

What is the bank recovery and resolution regime?

The bank recovery and resolution regime is a set of measures which are intended to operate both proactively and reactively:

  1. •

    proactively by requiring credible plans to be made for the recovery and resolution of in-scope firms, and by requiring in-scope firms

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Jurisdiction(s):
United Kingdom
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