02247cas a2200289 a 4500 AALejournalIMF022624 230101c9999 xx r poo 0 0eng d 5.00 USD 9798400206733 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. United Kingdom : Financial Sector Assessment Program-Select Issues in Financial Safety Net Arrangements and Financial Crisis Preparedness. Washington, D.C. : International Monetary Fund, 2022. 1 online resource (32 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The United Kingdom (U.K.) bank resolution and financial crisis readiness arrangements are sound but with opportunities for continued and accelerated enhancements. The U.K. authorities' individual and collective crisis readiness-including with other major jurisdictions-continues to improve. Mid-2022, all major U.K. banks and the authorities will issue the first public statements about these banks' resolvability. This is supported by a comprehensive special resolution regime (SRR) and resolvability assessment framework (RAF) for banks. Yet, there is space-and a need-to further enhance the SRR, including its application to central counterparties (CCPs), and to introduce one for insurance companies. Furthermore, elements of the deposit insurance system and firm-specific resolution decision-making should be strengthened, and implementation and reputation risk addressed. Mode of access: Internet International Agreements and Observance imf International Organizations imf Monetary Policy imf Money and Monetary Policy imf IMF Staff Country Reports; Country Report ;No. 2022/106 Full text available on IMF https://elibrary.imf.org/openurl?genre=journal&issn=1934-7685&volume=2022&issue=106 IMF e-Library