On 13 June 2018, the Bank of England (BoE) published a Statement of Policy setting out its expectations for the capabilities firms should have in place to support timely and robust resolution valuations. These capabilities include the data, systems, and processes that collectively support valuations of a firm’s assets, liabilities, and equity. The BoE expects to send an information request to in-scope firms following the publication of the Statement of Policy. The intention of this request would be for firms to carry out a more detailed gap analysis of existing capabilities and provide their plans for complying with the policy by 2021.