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).