Posted by : Grania Baird
| Date posted : 29/09/2011
The Government embarked on a review of resolution arrangements for investment banks and firms following the failure of Lehman Brothers International (Europe) ("LBIE") designed to improve the UK's ability to deal with the failure of investment firms (specifically large and complex firms), by addressing the policy issues highlighted by the failure of LBIE.
In light of this our briefing looks at HM Treasury's 2009 report and consultation on establishing effective resolution arrangements for investment banks, HM Treasury's 2010 report on a special administration regime for investment banks, The Investment Bank Special Administration Regulations 2011 and FSA related work on client assets and resolution management.