毕马威：2024溶剂出口和分辨率的扩展范围报告（英文版）-9篇已分享

The expanding remit of solvent exit and resolution Challenges and opportunities for smaller banks and building societies —April 2024© 2024 KPMG LLP, a UK limited liability partnership and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.The UK already has a robust resolution regime for banking institutions, which was first implemented in 2009 in the wake of the Global Financial Crisis. The regime centres on the Bank of England’s (BoE’s) Resolvability Assessment Framework (RAF).Regulatory focus has historically been on the largest banks. However, attention has now turned to the resolvability and exit strategies of smaller banks and building societies in the UK, with significant implications across multiple areas of their operations.This paper considers the regulatory proposals, the challenges, and the opportunities facing these smaller firms, and the actions that they can and should be taking to prepare for the new requirements.The changing landscape of bank failuresThe factors which can contribute to a potential bank failure have evolved considerably since the RAF was established. Customers are now able to withdraw their funds rapidly at the first sign of stress or perceived financial instability, whether these relate to concerns about a bank's solvency, liquidity or overall financial health. This can exacerbate financial stress for a bank, leading to liquidity challenges and potentially triggering a broader crisis of confidence in the banking system. Perceived vulnerabilities can be amplified by greater digital connectivity and the speed at which information now travels – as seen in 2023, the vast reach of social media can quickly expose weaknesses and accelerate deposit outflows. Where they do not have a comprehensive digital transformation strategy, or have not yet embedded it fully, banks may be unable to adapt quickly enough to changing customer preferences and market dynamics. This may lead to operational challenges when faced with stress situations. The BoE has always been clear in its intention to avoid a ‘zero failure’ system, which could eliminate necessary risk-taking from the economy. The RAF was developed for the banks that were deemed ‘too big to fail’, with their smaller counterparts being covered under standard insolvency procedures. However, following bank failures and the broader period of sector volatility in spring 2023, the mood-music has changed. In the July 2023 Financial Stability Report, the BoE concluded that, while an individual institution may not be considered systemic, if a risk is common – or perceived to be common – among similar institutions, the collective impact can pose a systemic risk. In his Mansion House speech, BoE Deputy Governor for Prudential Regulation, Sam Woods, noted that the PRA ‘cannot afford to ignore any class of bank’. HMT and the UK regulators are therefore no