Resolution Authority: Difference between revisions
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(RA). | (RA). | ||
1. | 1. ''International.'' | ||
An agency of the State, having powers that affect property rights, charged with overseeing the application of the appropriate resolution regime to a failing financial firm. | An agency of the State, having powers that affect property rights, charged with overseeing the application of the appropriate resolution regime to a failing financial firm. | ||
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3. | 3. ''US.'' | ||
The US bank resolution regime is overseen by the Federal Reserve. | The US bank resolution regime is overseen by the Federal Reserve. | ||
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[https://www.federalreserve.gov/supervisionreg/resolution-plans.htm Federal Reserve: bank's Living Wills] | [https://www.federalreserve.gov/supervisionreg/resolution-plans.htm Federal Reserve: bank's Living Wills] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | |||
Revision as of 01:36, 8 January 2022
Bank resolution.
(RA).
1. International.
An agency of the State, having powers that affect property rights, charged with overseeing the application of the appropriate resolution regime to a failing financial firm.
2. UK.
The body with these responsibilities and powers in the UK.
It is part of the Bank of England.
It has resolved the former Dunfermline Building Society (2009) and Southsea Mortgage and Investment Company (2011).
3. US.
The US bank resolution regime is overseen by the Federal Reserve.
The potential resolution of global banks requires co-operation between the respective national resolution authorities.
See also
External links
UK Resolution Authority - (Under Completed Resolutions see Dunfermline Building Society and Southsea Mortgage and Investment Company Ltd.)
