Regulatory Alerts2026-04-13
Bank of England enhances resolution readiness with updated operational guides
The Bank of England has published updated operational guides detailing how it will execute UK bank resolution regimes through transfer and bail-in mechanisms. The revised frameworks introduce non-transferable contingent beneficial interests to streamline bail-in processes, incorporate lessons from recent institutional failures, and clarify building society resolutions alongside recapitalisation payments. Complementing these domestic updates, the Bank secured a US Securities and Exchange Commission No-Action Letter confirming that contingent beneficial interests can be created cross-border without additional US securities registration.
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