Regulatory Alerts2026-02-02
Letter on firms’ preparations for the third Resolvability Assessment Framework (RAF) assessment
The Bank of England’s Resolution Directorate has issued guidance detailing the requirements for UK firms’ preparations for the third Resolvability Assessment Framework (RAF) assessment, which runs from 2026 to 2027. Firms must submit comprehensive Resolution Assessment reports by 2 October 2026 and undergo targeted tests evaluating bail-in data, restructuring planning, transitional service agreements, and financial market infrastructure continuity. The Bank will evaluate these submissions against a hypothetical resolution scenario that must match or exceed the 2025 Bank Capital Stress Test severity, culminating in published firm-specific findings and RAF disclosures by June 2027.
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