Resolution Authority: Difference between revisions
imported>Doug Williamson (Classify page and add UK example.) |
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1. | 1. ''International.'' | ||
An agency of the State, having powers that affect property rights, charged with overseeing the application of the appropriate resolution regime to a failing financial firm. | An agency of the State, having powers that affect property rights, charged with overseeing the application of the appropriate resolution regime to a failing financial firm. | ||
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It has resolved the former Dunfermline Building Society (2009) and Southsea Mortgage and Investment Company (2011). | It has resolved the former Dunfermline Building Society (2009) and Southsea Mortgage and Investment Company (2011). | ||
3. ''US.'' | |||
The US bank resolution regime is overseen by the Federal Reserve. | |||
The potential resolution of global banks requires co-operation between the respective national resolution authorities. | |||
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* [[Bank of England]] | * [[Bank of England]] | ||
* [[Bank supervision]] | * [[Bank supervision]] | ||
* [[Living will]] | |||
* [[OLA]] | * [[OLA]] | ||
* [[Purchase and Assumption]] | * [[Purchase and Assumption]] | ||
* [[Resolution]] | * [[Resolution]] | ||
== External links == | == External links == | ||
[https://www.bankofengland.co.uk/financial-stability/resolution UK Resolution Authority] | [https://www.bankofengland.co.uk/financial-stability/resolution UK Resolution Authority] - (Under Completed Resolutions see Dunfermline Building Society and Southsea Mortgage and Investment Company Ltd.) | ||
[https:// | |||
[https://www. | [https://ec.europa.eu/info/business-economy-euro/banking-and-finance/financial-supervision-and-risk-management/managing-risks-banks-and-financial-institutions/bank-recovery-and-resolution_en EU bank recovery and resolution framework] | ||
[https://www.federalreserve.gov/supervisionreg/resolution-plans.htm Federal Reserve: bank's Living Wills] | |||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | |||
Latest revision as of 01:36, 8 January 2022
Bank resolution.
(RA).
1. International.
An agency of the State, having powers that affect property rights, charged with overseeing the application of the appropriate resolution regime to a failing financial firm.
2. UK.
The body with these responsibilities and powers in the UK.
It is part of the Bank of England.
It has resolved the former Dunfermline Building Society (2009) and Southsea Mortgage and Investment Company (2011).
3. US.
The US bank resolution regime is overseen by the Federal Reserve.
The potential resolution of global banks requires co-operation between the respective national resolution authorities.
See also
External links
UK Resolution Authority - (Under Completed Resolutions see Dunfermline Building Society and Southsea Mortgage and Investment Company Ltd.)
