Call for Public Comment on UK Special Administration Regime for Investment Banks

As a part of the review of the UK special administration regime for investment banks, industry opinion is being sought on the extent to which the current framework achieves its objectives and whether it should continue to have effect. The regime, created by the Banking Act 2009 in response to the administration of Lehman Brothers, was developed as a mechanism to ensure that the failure of investment firms could be resolved in an orderly manner as much as possible, in particular to protect client assets, creditor rights, markets and the UK financial services industry as a whole.

Any responses should be submitted by January 10, 2013.