Letter from Ruth Smith on firms’ preparations for the third Resolvability Assessment Framework (RAF) assessment
Why this matters
This regulatory update from the Bank of England is focused on the Resolvability Assessment Framework (RAF), which is relevant for banks and investment firms. It discusses firms' preparations for the third RAF assessment, which is a key prudential and operational resilience requirement. The update also touches on reporting and disclosure obligations.
AI-generated classification rationale, not a full analysis. Verify with the original BoE source before acting. Full disclaimer.
What the BoE said
Letter to Chief Financial Officers of the major UK banks ahead of the third RAF assessment
Published by BoE . Read the full notice at the source for the authoritative text.
Context
Bank of England (BoE) — UK central bank overseeing monetary policy and financial stability. We track 247 updates from them.
Financial services regulation in the UK, primarily overseen by the FCA and PRA. Browse all United Kingdom updates.
This update is classified under Prudential / Capital Requirements, Operational Resilience / Outsourcing, Reporting & Disclosure and Banking & Credit.