This joint Bank of England (Bank) and Prudential Regulation Authority (PRA) introduction to the Resolvability Assessment Framework (RAF) includes a foreword from Jon Cunliffe, Deputy Governor for Financial Stability, and Sam Woods, Deputy Governor for Prudential Regulation, and CEO of the PRA. It sets out:
- where the Bank and PRA are regarding resolution;
- who the RAF is relevant to and how to navigate the consultations (available below); and
- a summary of the RAF, covering firms’ responsibility, the Bank’s assessment of resolvability, and an overview of the RAF cycle.
For detailed information on the proposals, please see: