Resolvability assessment and disclosures

Resolvability Assessment Framework

The Resolvability Assessment Framework (RAF) is a policy framework that makes banks responsible for their preparations for resolution. The major UK banks need to disclose a summary of their preparations for resolution, with the Bank making its own public statement on these firms’ preparations. This will provide more transparency to investors and the public on these firms’ resolvability.

The Bank of England and PRA published the final RAF policy in July 2019, following consultation.

The Bank published its latest resolvability assessment of the major UK banks on 6 August 2024. For previous resolvability assessments, see the Resolvability Assessment Framework page. At the time of publication, these banks are Barclays plc, HSBC Holdings plc, Lloyds Banking Group, Nationwide Building Society, NatWest Group plc, Santander UK Group Holdings plc, Standard Chartered plc and Virgin Money UK plc. The Bank’s public statement explains how the Bank undertook the assessment and summarises thematic findings and the assessment for each of the firm’s ability to achieve the three resolvability outcomes, as set out in the Resolvability Assessment Framework. Firms have also published summaries of their own preparations for resolvability. The PRA will communicate the expected reporting and disclosure dates for future assessments in advance.

Previous resolvability assessment summaries