The PRA publishes PS17/16 and SS7/16
The contractual recognition of bail-in: amendments to Prudential Regulation Authority rules – PS17/16
This Prudential Regulation Authority (PRA) policy statement (PS) provides feedback on responses to Consultation Paper (CP) 8/16 ‘The contractual recognition of bail-in: amendments to Prudential Regulation Authority rules’. It sets out the final rules and supervisory statement (SS) intended to implement Article 55 of the Bank Recovery and Resolution Directive (BRRD). The rules will come into force on 1 August 2016, rather than 1 July as anticipated in CP8/16.
View Policy Statement
The contractual recognition of bail-in: impracticability – SS7/16
This supervisory statement is relevant to Bank Recovery and Resolution Directive (BRRD) undertakings to which the Contractual Recognition Part of the PRA Rulebook applies, hereafter referred to as ‘BRRD firms’. It was finalised as part of Policy Statement 17/16 ‘The contractual recognition of bail-in: amendments to Prudential Regulation Authority rules’ following Consultation Paper 8/16 ‘The contractual recognition of bail-in: amendments to Prudential Regulation Authority rules’.
View Supervisory Statement
