HM Treasury has published a memorandum of understanding (MoU) on resolution planning and financial crisis management. The MoU has been prepared and published in accordance with the provisions of Section 65 of the Financial Services Act 2012, which requires HM Treasury and the Bank of England (BoE), including in its capacity as the PRA, to prepare and maintain a MoU on financial crisis management. The MoU establishes the framework for coordination of financial crisis management between HM Treasury and the BoE. The MoU sets out the responsibilities of the BoE and HM Treasury together information on resolution planning and resolution policy.
View HM Treasury MoU on resolution planning and financial crisis management, 21 April 2017