On 23 October 2014, the Bank of England published its strategy for resolving failing financial institutions in an orderly manner. The Bank of England’s new publication outlines the three stages of resolution – stabilisation, restructuring and exit from resolution – and sets out exactly how the Bank would use its “toolkit” of resolution measures in practice.
Andrew Wilkinson, Alex Wood and Kate Stephenson discuss the Bank of England’s approach in an interview with LexisNexis, which outlines the main issues raised in the “approach document”, future developments and important considerations for clients.
Please click here for the interview: “Three-step strategy for resolution of failed institutions”.
To read our other posting go to Weil’s European Restructuring Watch.