Post by Bank of England

As the UK’s resolution authority, we must be ready to act if a bank or building society fails. In this article, Ruth Smith, Executive Director, Resolution, explains how we maintain and strengthen our ability to stabilise a failing firm, keep essential operations running and support confidence in the financial system. As a public authority, we need to be open and accountable about how we prepare for, and manage, bank failures. Transparency helps markets function smoothly and ensures that, if a failure does occur, there is a clear understanding of the tools we may use and why. 👉 Find out more in our latest article: https://lnkd.in/e-j6zUBC