BoE to demand transparency on bank resolution plans
Central bank finalises framework for resolvability assessment
The Bank of England has unveiled its final framework for assessing the resolvability of banks, including provisions for some of the highest standards of transparency worldwide.
Published today (July 30), the resolvability assessment framework stipulates that firms must demonstrate sufficient financial resources, the ability to continue key functions during restructuring, and to show they can communicate effectively with regulators and creditors.
Firms will be expected to demonstrate their
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