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.
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).
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.