Major UK banks better placed for resolution, says BoE
Central bank publishes new assessment on institutions’ resolvability in the event of failure
Major UK banks have made “significant progress” over the past two years in becoming prepared for resolutions should they fail, the Bank of England has said.
The finding comes from the BoE’s second assessment on eight major UK banks under its Resolvability Assessment Framework (RAF), published on August 6.
The framework aims to ensure banks have in place the liquidity, operating procedures and lines of communication to continue functioning should they collapse. The BoE wants investors and
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