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Reducing bank failures? UK regulator consults on solvent exits

Bank of England building
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Emma Clark | CMS, Robert Dedman | CMS, Chris Glennie | CMS, Mira Lungu | CMS+2

7 min read
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PRA consults on how to ensure cost-effective solvent exits for non-systemic banks and building societies.

On June 28, 2023, the Prudential Regulation Authority (PRA) published a consultation paper (CP 10/23) which outlines proposals for non-systemic banks and building societies in the UK to be required to prepare for a solvent exit as part of their business-as-usual (BAU) activities and, if solvent exit becomes a reasonable prospect, to

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