Topic
Resolution Planning
212 published works
The CLS Blue Sky Blog
Sullivan & Cromwell Discusses New FDIC Guidance for Specified IDIs’ Resolution Plans
By Rebecca Simmons, Benjamin Weiner, C. Michelle Chen
On June 25, 2021, the Federal Deposit Insurance Corporation published new guidance for resolution plans to be filed by insured depository institutions with $100 billion or more in total assets.…
Global Regulation Tomorrow
Updates to the Bank of England’s approach to assessing resolvability
On 28 May 2021, the Bank of England (BoE) published updated versions of: Statement of Policy: The BoE’s Approach to Assessing Resolvability (RAF SoP). The BoE’s Statement of Policy (SoP)…
Global Regulation Tomorrow
PRA Policy Statement 10/21: Resolution assessments – Amendments to reporting and disclosure dates
On 28 May 2021, the PRA published Policy Statement 10/21: Resolution assessments – Amendments to reporting and disclosure dates (PS10/21). In PS10/21 the PRA provides feedback to the responses to…
Global Regulation Tomorrow
EBA consults on its draft guidelines for institutions and resolution authorities on improving resolvability
On 17 March 2021, the European Banking Authority (EBA) issued a consultation paper on draft guidelines for institutions and resolution authorities on improving resolvability. When finalised the guidelines will be…
Global Regulation Tomorrow
HM Treasury consultation – Expanded resolution regime for CCPs
By Hannah Meakin (UK), Hannah McAslan (UK)
On 24 February 2021, HM Treasury issued a consultation document setting out the Government’s proposals to expand the resolution regime for central counterparties (CCPs). Amendments to the Banking Act 2009…
Global Regulation Tomorrow
BoE letter to CEOs of major UK banks in scope of the first RAF reporting and disclosure cycle
On 24 February 2021, the Bank of England (BoE) published the letter it had sent to the CEOs of the eight major UK banks in scope of the first Resolvability…
Global Regulation Tomorrow
Signature of ESM Treaty and the Single Resolution Fund Amending Agreements
On 27 January 2021, the Council of the EU announced that representatives from Member States had signed the amending agreements to the Treaty on the European Stability Mechanism (ESM) and…
Global Regulation Tomorrow
ECA special report – Resolution planning in the SRM
On 15 January 2021, the European Court of Auditors (ECA) published a special report on resolution planning in the Single Resolution Mechanism (SRM). In 2017, the ECA conducted its…
Global Regulation Tomorrow
BoE and PRA consult on a package of proposals relating to resolution policy
By Jochen Vester (UK), Simon Lovegrove (UK)
On 28 October 2020, the Bank of England (BoE) and the PRA issued a package of proposals relating to resolution policy. The PRA published the following Consultation Papers (CPs): CP18/20:…
Global Regulation Tomorrow
FSB questionnaire on continuity of access to FMIs for firms in resolution
On 14 August 2020, the Financial Stability Board (FSB) published a common template for gathering information about continuity of access to financial market infrastructures (FMIs) for firms in resolution. The…