News release
The Resolvability Assessment Framework (RAF) sets out what firms need to do to be considered resolvable by the Bank of England, as the UK’s resolution authority. It builds on the work since the financial crisis to create a resolution regime that ensures firms can fail in an orderly way. The framework is designed to make resolution more transparent, better understood and more successful.
Read the Letter from Dave Ramsden on firms’ Resolvability Assessment Framework preparations.