On the PRA’s webpage concerning Consultation Paper 13/14: Implementing the Bank Recovery and Resolution Directive there is a short update concerning timing.

The PRA states that it expects the full powers necessary to make final rules implementing the Bank Recovery and Resolution Directive to come into force in early 2015. The PRA plans to publish final rules in mid-January and will confirm the date in due course.

View Implementing the Bank Recovery and Resolution Directive – CP13/14, 3 December 2014