Bank of England and PRA consult on resolvability measures

The BoE and the PRA have published consultation papers on resolvability and resolution assessments for certain firms.

PRA CP31/18 sets out proposed rules that would require relevant firms to report to the PRA on their assessment of their preparations for resolution, and publicly disclose summaries of those reports.

The BoE consultation paper includes proposals on the assessment of resolvability as part of the Resolvability Assessment Framework, and a draft Statement of Policy on new requirements for firms.