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The Treasury, Bank of England and Financial Services Authority launched a consultation on the 'special resolution regime' which is designed to reduce the impact of a failing bank.
The consultation builds on previous documents published in January and earlier this month outlining the Authorities' proposals for financial stability and depositor protection. Today's technical consultation document sets out further detail on the specifics of the special resolution regime (SRR). It also includes draft clauses for key aspects of the regime, in particular those areas where there has been the most significant interest from stakeholders.
Deadline for responses is
See also:
UK authorities consult on financial stability and depositor protection