What Bank Resolution (Recapitalisation) Act 2025 (c. 15), Sections 1-2 Recapitalisation Payments and Reporting under the Special Resolution Regime requires
The Bank Resolution (Recapitalisation) Act 2025 amends Part 15 of the Financial Services and Markets Act 2000 to let the Bank of England require the Financial Services Compensation Scheme manager to make a recapitalisation payment when a stabilisation power is exercised in resolving a failing bank. Section 1 inserts section 214E creating the payment power, and section 2 inserts section 214F requiring the Bank to report to the Chancellor on its use, with reports laid before Parliament. The framework shifts certain recapitalisation costs to the FSCS levy rather than public funds.
Pillar: Banking & Global Finance · Authority: UK Parliament (legislation.gov.uk / The National Archives) · Version: 1.0.0 · Last updated:
Primary source: https://www.legislation.gov.uk/ukpga/2025/15/contents
SHA-256 integrity: 0e7a32f6469812fd8d058429e45122884f9d8a0c720ff95d14dcdc9dd540c584
Primary Citations — 7 traced to source
- Bank Resolution (Recapitalisation) Act 2025 (c. 15)
- Section 1: In Part 15 of the Financial Services and Markets Act 2000 (the Financial Services Compensation Scheme), after section 214D insert
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