Resolvability assessment of major UK banks: 2024

From bankofengland.co.uk

This is the second assessment by the Bank of England (the Bank), as resolution authority, of the eight major UK banks’ preparations for resolution under the Resolvability Assessment Framework (RAF) – Barclays, HSBC, Lloyds Banking Group, Nationwide, NatWest Group, Santander UK, Standard Chartered and Virgin Money UK. The findings of this second assessment show that the major UK banks have continued to make significant progress in improving their preparations for resolution, including embedding resolution preparations into their everyday business. A key feature of the post-global financial crisis reforms was to ... (full story)