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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.