Research and analysis

Bank Recovery and Resolution Directive PIR: RPC Opinion (Green-rated)

Regulatory Policy Committee opinion on HMT's Bank Recovery and Resolution Directive PIR

• From: Regulatory Policy Committee
• Published: 22 April 2024

Documents

RPC Opinion: Bank Recovery and Resolution Directive PIR

PDF, 132 KB, 5 pages

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Details

The PIR reviews the regulations implementing the Bank Recovery and Resolution Directive (Directive 2014/59/EU or ‘BRRD’) established a common framework across the EU to the recovery and resolution of banks and investment firms, bringing the EU’s framework, including the UK at the time, in line with international standards set out by the G20 Financial Stability Board (FSB).

The RPC considers the PIR to be proportionate, and the evidence and analysis is sufficiently robust to support the proposal to retain the regulations.

Published 22 April 2024