Resolution Authority
From ACT Wiki
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).
See also
External links
UK Resolution Authority Dunfermline BS sold to Nationwide Southsea's modified insolvency
