BoE: Transfer/bail-in resolution guides/SEC "no-action letter"

BoE has published new and updated guidance on how it might implement the UK’s resolution regime in the event of a bank failure.  A new operational guide provides clarity on how BoE might execute a transfer resolution whilst the operational guide to bail-in resolution has been updated.  In addition, BoE requested and was granted a “no-action letter” from SEC which provides additional assurance regarding the cross-border operability of bail-in.   Links to the guidance, the “no-action” letter and a statement from the SEC Chairman may be accessed in the link.