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Home > Prudential Regulation Authority > Ensuring operational continuity in resolution - DP1/14

Ensuring operational continuity in resolution - DP1/14

06 October 2014


This discussion paper (DP) sets out the Prudential Regulation Authority’s (PRA’s) preliminary views on the principles that firms’ operational arrangements must satisfy in order to facilitate recovery actions, resolution  or post resolution restructuring of firms.

The feedback received will be used to ensure that any draft rules consulted on in the future will be as effective as possible while at the same time minimising any unintended consequences.
This DP should be read by all PRA-authorised banks, building societies and investment firms to which any eventual proposals may apply. It is also likely to be of interest to policymakers and practitioners involved in the resolution of failed firms, as well as insurance firms for which similar proposals may be extended after a separate consultation at a later stage.
Following the end of the consultation period on this DP, a consultation paper with draft rules may be published in 2015.
Readers may also wish to refer to The implementation of ring-fencing: consultation on legal structure, governance and the continuity of services and facilities 19/14, Depositor protection – CP20/14, and Policyholder protection – CP21/14 also published on Monday 6 October 2014.
The consultation closed on Tuesday 6 January 2015.
Please address any comments and responses to the questions listed in the DP to
Discussion paper