Earlier this year HM Treasury published a consultation paper titled Financial sector resolution: broadening the regime: see here (pdf). This contained proposals regarding the mechanisms available to deal with the failure of systematically important investment firms, insurers, central counterparties and non-central counterparty financial market infrastructures. Since publication of the paper, draft legislation and explanatory notes have been published: see, respectively, here (pdf) and here (pdf).
Wednesday, 12 September 2012
UK: financial sector resolution consultation - draft legislation published
Earlier this year HM Treasury published a consultation paper titled Financial sector resolution: broadening the regime: see here (pdf). This contained proposals regarding the mechanisms available to deal with the failure of systematically important investment firms, insurers, central counterparties and non-central counterparty financial market infrastructures. Since publication of the paper, draft legislation and explanatory notes have been published: see, respectively, here (pdf) and here (pdf).
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