On 15 December 2023, the Bank of England (BoE) updated its ‘Approach to Resolution’ document, known as the Purple Book.

The document is the third edition of the Purple Book and updates the 2017 version.

Part 1 outlines the key features of the UK resolution regime. Part 2 looks at how the BoE would be likely to implement a resolution. Part 3 describes the BoE’s Resolvability Assessment Framework. Part 4 explains the BoE’s approach to resolution planning, third-country recognition, and international co-ordination. Annexes 1–3 provide detail on how the BoE addresses some specific barriers to resolvability