Resolution Authority: Difference between revisions
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<i>Bank resolution </i> | <i>Bank resolution. </i> | ||
(RA). | (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. | 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 == | == See also == | ||
* [[Bailin]] | |||
* [[Bank of England]] | |||
* [[Bank supervision]] | * [[Bank supervision]] | ||
* [[Living will]] | |||
* [[OLA]] | |||
* [[Purchase and Assumption]] | |||
* [[Resolution]] | * [[Resolution]] | ||
* [[ | |||
== External links == | |||
*[https://www.bankofengland.co.uk/financial-stability/resolution UK Resolution Authority] - (Under Completed Resolutions see Dunfermline Building Society and Southsea Mortgage and Investment Company Ltd.) | |||
*[https://ec.europa.eu/info/business-economy-euro/banking-and-finance/financial-supervision-and-risk-management/managing-risks-banks-and-financial-institutions/bank-recovery-and-resolution_en EU bank recovery and resolution framework] | |||
*[https://www.federalreserve.gov/supervisionreg/resolution-plans.htm Federal Reserve: bank's Living Wills] | |||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | |||
Latest revision as of 12:18, 6 December 2023
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.)
