This bill allows the Financial Services Compensation Scheme to fund bank recapitalisation costs during resolution, recoverable through levies on the banking sector, protecting taxpayers when small banks fail.
A Bill to make provision about recapitalisation costs in relation to the special resolution regime under the Banking Act 2009.
Status: Act of Parliament
Current House: Unassigned
Stage: Royal Assent
Sponsored by: Lord Livermore, Tulip Siddiq
Introduced: 2024-07-18
Royal Assent: 2025-05-15