Consultation outcome

Draft Banks and Building Societies (Priorities on Insolvency) Order 2018: technical consultation

This consultation has concluded

Download the full outcome

Detail of outcome

The government would like to thank everyone who responded to the consultation. This document summarises the submissions received and provides an update on the government’s approach to the transposition of the EU Bank Creditor Hierarchy Directive.

Read the supporting explanatory note and impact assessment published alongside the statutory instrument on legislation.gov.uk.

Original consultation

Summary

Seeking views on the government’s approach to transpose the EU Bank Creditor Hierarchy Directive.

This consultation ran from
to

Consultation description

This consultation invites views on the government’s approach to transpose the EU Bank Creditor Hierarchy Directive and provides interested parties with the opportunity to engage with the government on how it can best implement the directive into UK law.

It aims to explain the directive’s amendments to Bank Recovery and Resolution Directive (BRRD) and the government’s draft implementation regulations. In addition, it provides stakeholders with a list of questions to assist preparation of their written input into the consultation process.

Documents

Published 12 September 2018
Last updated 29 November 2018 + show all updates
  1. Response document published.
  2. First published.