Statement By The Bank Of England On Enhancing The UK Bank Resolution Regime

The Bank of England welcomes the consultation paper on Enhancing the Special Resolution Regime issued today by HM Treasury and supports measures to continue to enhance the UK bank resolution regime.

Background:

1. HM Treasury’s consultation paper is available hereOpens in a new window .
2. The Bank of England is the UK’s resolution authority. Resolution is a way to manage the failure of a bank, building society, or central counterparty. We use it to minimise the impact on depositors, the financial system and public finances. More information is available here.