Difference between revisions of "Resolution Authority"

From ACT Wiki
Jump to: navigation, search
(Remove surplus link.)
(Rationalise external links and signposting.)
 
Line 36: Line 36:
 
== External links ==
 
== External links ==
  
[https://www.bankofengland.co.uk/financial-stability/resolution UK Resolution Authority]
+
[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://www.bankofengland.co.uk/financial-stability/resolution Dunfermline BS sold to Nationwide]
+
 
+
[https://www.bankofengland.co.uk/financial-stability/resolution Southsea's modified insolvency]
+
  
 
[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://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]
 
[https://www.federalreserve.gov/supervisionreg/resolution-plans.htm Federal Reserve: bank's Living Wills]

Latest revision as of 14:35, 19 May 2020

Bank resolution.

(RA).

1.

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.

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.)

EU bank recovery and resolution framework

Federal Reserve: bank's Living Wills