Financial Market Turmoil and Banking Reform

This page contains material published by the Bank of England and Tripartite Authorities.

News Releases

06.02.09	News Release Asset Purchase Facility
29.01.09	News Release Asset Purchase Facility
19.01.09	News Release Asset Purchase Facility and Discount Window Facility
08.10.08	News Release Recapitalisation of the UK Banking System
29.09.08	Bradford & Bingley plc Statement by the Chancellor
22.07.08	Treasury Launches Consultation on Banking "Special Resolution Regime" The Chancellor of the Exchequer has today launched a consultation on the 'special resolution regime' which is designed to reduce the impact of a failing bank. The consultation document is published jointly by HM Treasury, the Financial Services Authority and the Bank of England (links to HM Treasury site). Financial Stability and Depositor Protection: Special Resolution Regime (694k)
01.07.08	Strengthening Financial Stability and Depositor Protection Proposals for strengthening the framework for financial stability and protecting depositors were published on 1 July 2008 by HM Treasury, the Financial Services Authority and the Bank of England (links to HM Treasury site). Financial Stability and Depositor Protection: Further Consultation (1.3Mb)
17.02.08	Statement by the Chancellor of the Exchequer, Rt Hon Alistair Darling on Northern Rock HM Treasury Statement (links to HM Treasury site). Northern Rock plc HM Treasury Press Release
30.01.08	"Financial stability and depositor protection: strengthening the framework" published today A consultation on proposals for strengthening the current framework for financial stability and protecting depositors has today been launched by the Chancellor of the Exchequer (links to HM Treasury site). The consultation document (3Mb) is published jointly by HM Treasury, the Financial Services Authority and the Bank of England (the Authorities).
21.01.08	Northern Rock HM Treasury, on behalf of the Tripartite Authorities
18.12.07	Northern Rock plc: Extension of wholesale guarantee arrangements HM Treasury
19.11.07	Principles for assessing Northern Rock proposals HM Treasury, on behalf of the Tripartite Authorities
11.10.07	Extended guarantee and additional facility for Northern Rock plc HM Treasury
09.10.07	Northern Rock plc Deposits Tripartite Statement by HM Treasury, Bank of England and Financial Services Authority
14.09.07	Liquidity Support Facility for Northern Rock plc Tripartite Statement by HM Treasury, Bank of England and Financial Services Authority

Documents/Speeches

Financial Stability and Depositor Protection:
Special Resolution Regime (694k)
Published jointly by HM Treasury, the Financial Services Authority and the Bank of England on 22 July 2008.

Financial Stability and Depositor Protection:
Further Consultation (1.3Mb)
Published jointly by the HM Treasury, the Financial Services Authority and the Bank of England on 1 July 2008

Financial Stability and Depositor Protection:
Strengthening the Framework (3Mb)
Published jointly by the HM Treasury, the Financial Services Authority and the Bank of England on 30 January 2008

Opening Statement by the Governor, Mervyn King (16k)
Treasury Committee Hearing on Financial Stability and Transparency on 18 December 2007

Turmoil in Financial Markets: What Can Central Banks Do? (82k)
Paper submitted to the Treasury Committee by Mervyn King, Governor of the Bank of England on 12 September 2007

Speech by Mervyn King (32k)
At the Northern Ireland Chamber of Commerce and Industry, Belfast on 9 October 2007

Banking Reform - Protecting Depositors:
a discussion paper (485k)
October 2007
Published jointly by HM Treasury, the Financial Services Authority and the Bank of England