Introduction to the Resolvability Assessment Framework

This joint Bank of England (Bank) and Prudential Regulation Authority (PRA) introduction to the Resolvability Assessment Framework (RAF) includes a foreword from Jon Cunliffe, Deputy Governor for Financial Stability, and Sam Woods, Deputy Governor for Prudential Regulation, and CEO of the PRA. It sets out:

• where the Bank and PRA are regarding resolution;
• who the RAF is relevant to and how to navigate the consultations (available below); and
• a summary of the RAF, covering firms’ responsibility, the Bank’s assessment of resolvability, and an overview of the RAF cycle.

Introduction to the Resolvability Assessment Framework

For detailed information on the proposals, please see:

1. Bank consultation ‘The Bank of England’s approach to assessing resolvability’ 
2. PRA Consultation Paper 31/18 ‘Resolution assessment and public disclosure by firms’