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Guidance on UK resolution regime updated by Bank of England

( April 13, 2026, 10:18 GMT | Official Statement) -- MLex Summary: The Bank of England has published an updated guidance to its resolution regime in the event of a bank failure. The resolution regime is meant to ensure that when banks fail, there is no disruption to critical services including payments and deposit access, and there is no need to rely on public funds. “This guidance gives further clarity and additional transparency on how the Bank, as the UK’s resolution authority, would operationally manage a bank failure, whether through bail-in or transfer," said Ruth Smith, the Executive Director of the Resolution Directorate.Statements are attached....

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