Consultation Paper No. 5 of 2018 - Proposed Bank Recovery and Resolution Regulations
The Financial Services Regulatory Authority would like to invite comments on its proposed Bank Recovery and Resolution regime that is designed to effectively address the risks posed by the failure of any bank, significant financial institution or a member of its financial group in the ADGM jurisdiction. The proposed Bank Recovery and Resolution Regulations would empower the FSRA to act as the resolution authority for ADGM; this would apply to various institutions including those that accept deposits, provide clearing services or deal in investments as principal.
Consultation Paper No. 5 of 2018 – Proposed Bank Recovery and Resolution Regulations
Annex A – Draft Bank Recovery and Resolution Regulations 2018;
Annex B - Draft amendments to Financial Services and Markets Regulations (FSMR);
Annex C – Draft amendments to Insolvency Regulations 2015; and