The Financial Markets Law Committee (FMLC) has published its response to HM Treasury’s March 2014 consultation on the implementation of the bail-in powers introduced by the Financial Services (Banking Reform) Act. In particular, the FMLC comments on the Banking Act 2009 (Restriction of Special Bail-in Provision, etc.) Order 2014 and the Banking Act 2009 (Mandatory Compensation Arrangements Following Bail-in) Regulations.

View Issue 167: Bail-in: Discussion of legal uncertainties arising from the consultation on the implementation of bail-in powers under the Financial Services (Banking Reform) Act 2013, 22 May 2014