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- Title
Considering the continuity of payments for customers in a bank's recovery or resolution.
- Authors
Carter, Emma
- Abstract
The article discusses how banks in Great Britain can ensure that customers will continue to make and receive payments when a bank is facing a crisis or fails. It is stated that during a bank resolution, the ability of customers to continue making and receiving payments is important for maintaining financial stability in the banking system. The Bank of England oversees payment systems under the Banking Act 2009, and it assesses the risks that each system could pose to financial stability. INSETS: The Bank of England's role in payments;The Special Resolution Regime objectives and tools.
- Subjects
UNITED Kingdom; BANKING industry; PAYMENT; BANK failures; BANK of England; FINANCIAL crises
- Publication
Bank of England Quarterly Bulletin, 2012, Vol 52, Issue 2, p147
- ISSN
0005-5166
- Publication type
Article