May 2024
The UK already has a robust resolution regime for banking institutions, which was first implemented in the wake of the Global Financial Crisis. However, this has historically focused only on the largest `too-big-to-fail' banks. Regulators are now turning their attention to the resolvability and exit strategies of smaller banks and building societies.
This paper considers the resulting regulatory proposals, challenges and opportunities for smaller firms, and the actions that they can and should be taking to prepare for the new requirements.
