Skip to main content
  • This website sets cookies on your device. To find out more about how we use cookies please refer to our Privacy and Cookie Policy. By continuing to use the site, we’ll assume that you are content for us to set these on your device.
  • Close
Home > Financial Stability > Resolution framework
 

Resolution framework

​Aims and objectives  |  Key features of the resolution regime  |  Tools available within the resolution regime  |  Legislative framework for the UK resolution regime

The Bank has the responsibility for the resolution of a failing bank, building society or investment firm, and their group companies, under the (amended) Banking Act 2009 (the Act).
 
The resolution regime covers firms incorporated in the United Kingdom, including subsidiaries of foreign firms. The EU Bank Recovery and Resolution Directive extends this scope to branches of firms from outside the European Economic Area.
 
The following pages in this section describes the framework available to the Bank of England to resolve failing firms, including an outline of the aims of resolution and a description of the key features of the United Kingdom’s resolution regime.
Share