The BoE updated its guidance on how it might implement the UK resolution regime if a bank fails. The new guidance looks at matters such as how the BoE might execute a transfer resolution, and has updated the guidance on bail-in resolutions. It has also published a no-action letter from the SEC that confirms that the SEC does not consider registration under US securities laws is needed if non-transferable contingent beneficial interests for investors are created.
BoE updates operational guides
