Regulatory Alerts2022-05-15
Our approach to enforcement and resolution
The regulator outlines its risk-based approach to enforcement and resolution, prioritizing issues that significantly impact its objectives and credibility. This approach includes an Enforcement Framework for investigations and decisions, alongside a resolution strategy that allows regulated entities to fail when risks are manageable, supported by policies like Open Bank Resolution. The regulatory response model details escalating measures for compliance and financial concerns, from heightened supervision to formal actions, and ultimately insolvency or resolution for non-viable firms.
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