Consultation outcome

Consultation on the transposition of the Bank Recovery and Resolution Directive II

• From: HM Treasury
• Published: 23 June 2020
• Last updated: 15 October 2020 — See all updates

This was published under the 2019 to 2022 Johnson Conservative government

This consultation has concluded

Read the full outcome

Transposition of the Bank Recovery and Resolution Directive (BRRD) II response to consultation

Ref: ISBN 9781913635763

PDF, 226 KB, 17 pages

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Detail of outcome

On 23 June 2020, HM Treasury published a consultation document, ‘Transposition of the Bank Recovery and Resolution Directive II’. The consultation closed on 11 August 2020. The consultation response document summarises the responses received from the consultation, sets out the Government’s approach to implementation of the Directive, and provides an update on the forthcoming legislation.

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Original consultation

Summary

A consultation to seek views on the transposition of BRRDII.

This consultation ran from
23 June 2020 to 11:59pm on 11 August 2020

Consultation description

BRRD II entered into force on 27 June 2019.

The Directive makes amendments to the original 2014 Bank Recovery and Resolution Directive (BRRD) provisions, in order to update the EU’s resolution policy and Minimum Requirements for Own Funds and Eligible Liabilities (MREL) framework.

The Directive must be transposed into national law by 28 December 2020. The consultation sought views on the UK’s approach to the transposition of BRRD II.

Documents

Transposition of the Bank Recovery and Resolution Directive II: consultation

PDF, 262 KB, 22 pages

Published 23 June 2020
Last updated 15 October 2020 + show all updates

1. 15 October 2020

   Outcome of consultation has been added.

2. 23 June 2020

   First published.