The Bank Resolution (Recapitalisation) Act 2025 has been published on legislation.gov.uk.
The Act seeks to enhance the UK’s regime for managing bank failures, termed resolution. Specifically, it would introduce a mechanism which would allow the Bank of England—the UK’s resolution authority—to recover the costs associated with recapitalising failing small banks through a levy on the banking sector.
Sections 1 to 7 of the Act come into force on such day as the Treasury may by regulations appoint.