Bank recovery and resolution regime and insolvency

This Overview provides a guide to the Lexis+® UK Financial Services content within the Bank recovery and resolution regime and insolvency subtopic with links to the appropriate materials.

The UK bank recovery and resolution regime

Banking Act 2009 (BA 2009) established a permanent UK bank resolution framework—the Special Resolution Regime (SRR). The Financial Services Act 2010 amended the Financial Services and Markets Act 2000 (FSMA 2000) to require the then UK financial services regulator, the Financial Services Authority, to make rules for recovery and resolution plans. These rules, as later adopted and modified by the Prudential Regulation Authority, and together with the SRR, form the basis of the UK bank recovery and resolution regime.

For further information, see Practice Notes:

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The UK bank recovery and resolution regime
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Special resolution regime options
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Special resolution regime for banks and building societies—rationale, scope, application and interpretation
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Safeguards for shareholders, creditors and counterparties under the special resolution regime for banks, and
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Powers of the authorities under the special resolution regime

Bank Recovery and Resolution

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