Consultation outcome

Establishing resolution arrangements for investment banks

This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government
This consultation has concluded

Download the full outcome

Special administration regime for investment firms: summary of consultation responses (PDF  310KB)

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Detail of outcome

Summary of consultation responses on Special administration regime for investment firms


Original consultation

Summary

Seeking views on new special administration regime for investment firms.

This consultation ran from
to

Consultation description

On 7 February 2011, following their approval by Parliament, “The Investment Bank Special Administration Regulations 2011 and The Investment Bank (Amendment of Definition) Order 2011” were made.

This follows the completion of a consultation exercise on a new special administration regime for investment firms. Responses from stakeholders were invited during the consultation period. The Government received 12 responses from various industry sectors including law firms, exchanges and trade associations.

On the 10 January 2011, the Government published a summary of responses to its consultation document “Special administration regime for investment firms”. The document sets out the Government’s conclusions on the key legislative amendments raised by respondents to the consultation.

The Government intends to introduce insolvency rules to accompany “The Investment Bank Special Administration Regulations 2011” later this year. Separate rules are to be made for England and Wales, for Scotland and for Northern Ireland.

Documents

Individual responses received to “Special administration regime for investment firms” consultation (PDF 1.7MB)

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Special administration regime for investment firms (PDF 1.49MB)

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Special administration regime for investment firms: Impact assessment (PDF 2.8MB)

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Resolution of investment banks: summary of consultation responses (PDF 706KB)

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Individual responses received to "Establishing resolution arrangements for investment banks" consultation (PDF 6.2MB)

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Establishing resolution arrangements for investment banks (PDF 873KB)

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Published 16 September 2010