On 15 October 2024, HM Treasury (HMT) published the updated terms of reference for the Banking Liaison Panel.

The panel was established by HMT in accordance with section 10 of the Banking Act 2009, and one of its functions is to provide advice to HMT on the impact of the special resolution regime established by the Act on financial markets. The terms of reference are required to be reviewed periodically and the latest version reflects a 2024 update.