Statement
The Bank of England welcomes the consultation paper on Enhancing the Special Resolution Regime issued today by HM Treasury and supports measures to continue to enhance the UK bank resolution regime.
Notes to editors:
1. HM Treasury’s consultation paper is available here.
2. The Bank of England is the UK’s resolution authority. Resolution is a way to manage the failure of a bank, building society, or central counterparty. We use it to minimise the impact on depositors, the financial system and public finances. More information is available here.