Resolvability

Policies relating to resolvability for banks, building societies and investment firms (including policies emanating from the Bank of England as Resolution Authority).

PRA Rules and Modifications by Consent

 

Waivers, Rule Permissions and Modifications by Consent (MbC)

 

UK legislation

  • Recovery and Resolution – Bank Recovery and Resolution (No. 2) Order 2014
  • The Special Resolution Regime – The Banking Act 2009 (Part 1).
  • ‘Own Funds and Eligible Liabilities’ and ‘Capital Requirements’ – Capital Requirements Regulation (EU) No 575/2013 (Parts Two and Three)
  • Regulation on criteria relating to the determination of critical functions and core business lines – Commission Delegated Regulation (EU) 2016/778 (Chapter III)
 

PRA Supervisory Statements 

  • Resolution assessment and public disclosure by firms (SS4/19)
  • The minimum requirement for own funds and eligible liabilities (MREL) - buffers and Threshold Conditions (SS16/16)
  • Contractual stays in financial contracts governed by third-country law (SS42/15)
  • Ensuring operational continuity in resolution (SS4/21)
  • Resolution planning (SS19/13)
  • The contractual recognition of bail-in: impracticability (SS7/16)
 

UK technical standards where the Bank of England as Resolution Authority has maintenance power

  • Minimum information on financial contracts - Commission Delegated Regulation (EU) 2016/1712, as amended, including by The Technical Standards  (Bank Recovery and Resolution) (EU Exit) (No.1) Instrument 2019, Annex F
  • Reporting formats for resolution planning - Commission Implementing Regulation (EU) 2018/1624, as amended, including by The Technical Standards  (Bank Recovery and Resolution) (EU Exit) (No.1) Instrument 2019, Annex I and from 1 April 2026 by the Bank Resolution Standards Instrument: The Technical Standards (COREP13) Instrument 2026, Annex A. 
  • Minimum elements of business reorganisation plans - Commission Delegated Regulation (EU) 2016/1400, as amended, including by The Technical Standards  (Bank Recovery and Resolution) (EU Exit) (No.1) Instrument 2019, Annex C
 

Publications by the Bank of England as Resolution Authority

Other relevant material

  • Interpretation of EU Guidelines and Recommendations: Bank of England and PRA approach after the UK’s withdrawal from the EU (Statement of Policy, Annex 2)
  • Valuation capabilities to support resolvability (Guidance Document)

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This page was last updated 17 February 2026