Bank Resolution (Recapitalisation) Bill [HL] 2024-26

make provision about recapitalisation costs in relation to the special resolution regime under the Banking Act 2009.

Government Bill

What is this Bill?

The Bank Resolution (Recapitalisation) Bill [HL] is a Government Bill tabled by Lord Livermore.

Is this Bill currently before Parliament?

Yes. This Bill was introduced on 18 July 2024 and is currently before Parliament.

Whose idea is this Bill?

Government Bills implement the legislative agenda of the Government. This agenda, and the Bills that will implement it, are outlined in the Queen's Speech at the Session's State Opening of Parliament.

What type of Bill is this?

Government Bills are technically Presentation Bills, but the Government can use its legislative time to ensure the schedule of debates to scrutinise the Bill.

How can I find out exactly what this Bill does?

The most straightforward information is contained in the initial Explanatory Notes for the Bill.

Would you like to know more?

See these Glossary articles for more information: Government Bills, Process of a Bill

Share Bill
Sponsor: Lord Livermore (Lab)

Official Bill Page Initial Explanatory Notes Initial Briefing papers Ministerial Extracts from Debates All Bill Debates

Next Event: There is no future stage currently scheduled for this bill

Last Event: Wednesday 13th November 2024 - 1st reading (Commons)

Bill Progession through Parliament

Lords Completed
Commons - 20%

Latest Key documents

Bill Debate
12/11/2024
3rd reading
Bill
13/11/2024
Bill 132 2024-25 (as brought from the House of Lords)
Briefing paper
25/07/2024
Bank Resolution (Recapitalisation) Bill [HL]: HL Bill 2
Explanatory Note
13/11/2024
Bill 132 EN 2024-25

Timeline of Bill Documents and Stages

13th November 2024
1st reading (Commons)
13th November 2024
Explanatory Notes
Bill 132 EN 2024-25
13th November 2024
Bill
Bill 132 2024-25 (as brought from the House of Lords) - xml download
13th November 2024
Bill
Bill 132 2024-25 (as brought from the House of Lords)
12th November 2024
3rd reading (Lords)
12th November 2024
3rd reading: Minutes of Proceedings (Lords)
4th November 2024
Report stage: Minutes of Proceedings (Lords)
4th November 2024
Report stage (Lords)
4th November 2024
Bill
HL Bill 44 (as amended on Report)
31st October 2024
Amendment Paper
HL Bill 2-R-I Marshalled list for Report
30th October 2024
Amendment Paper
HL Bill 2-R Running list of amendments – 30 October 2024
29th October 2024
Amendment Paper
HL Bill 2-R Running list of amendments – 29 October 2024
24th October 2024
Amendment Paper
HL Bill 2-R Running list of amendments – 24 October 2024
23rd October 2024
Amendment Paper
HL Bill 2-R Running list of amendments – 23 October 2024
16th October 2024
Amendment Paper
HL Bill 2-R Running list of amendments – 16 October 2024
15th October 2024
Will write letters
Letter from Lord Livermore to Baroness Vere regarding Bank of England consultation, and Code of Practice.
11th October 2024
Amendment Paper
HL Bill 2-R Running list of amendments – 11 October 2024
10th October 2024
Amendment Paper
HL Bill 2-R Running list of amendments – 10 October 2024
19th September 2024
Will write letters
Letter from Lord Livermore to Baroness Vere regarding questions raised during the Committee stage: number of firms on the MREL glide path, outcome of the Resolvability Assessment Framework, multiple firm failures, firms contributing to the costs of the new mechanism, FSCS resources.
19th September 2024
Will write letters
Letter from Lord Livermore to Lord Vaux regarding questions raised during the Committee stage: provisions to recoup dividends, Bank of England ex-post scrutiny reports, second or subsequent recapitalisation payments, firms placed in insolvency from a Bridge Bank.
19th September 2024
Will write letters
Letter from Lord Livermore to Baroness Bowles regarding questions raised during the Committee stage: principle and detail of clause 4(3) of the Bill.
19th September 2024
Will write letters
Letter from Lord Livermore to Baroness Noakes regarding questions raised during the Committee stage: the amount the Financial Services Compensation Scheme (FSCS) can borrow from the Treasury, section 5 of the Banking Act and the Code of Practice, notifying Parliament of the mechanism’s use.
10th September 2024
Committee stage: Minutes of Proceedings (Lords)
10th September 2024
Committee stage (Lords)
6th September 2024
Amendment Paper
HL Bill 2-II Second marshalled list for Grand Committee
5th September 2024
Committee stage: Minutes of Proceedings (Lords)
5th September 2024
Committee stage (Lords)
3rd September 2024
Amendment Paper
HL Bill 2-I Marshalled list for Grand Committee
2nd September 2024
Amendment Paper
HL Bill 2(c) Amendments for Grand Committee
2nd September 2024
Will write letters
Letter dated 02/09/2025 from Lord Livermore to Lord Eatwell regarding issues raised during the Second Reading of the Bank Resolution (Recapitilisation)(BRR) Bill: cost-benefit analysis, systemic risk and role of public support, multiple bank failures.
30th August 2024
Amendment Paper
HL Bill 2(b) Amendments for Grand Committee
23rd August 2024
Amendment Paper
HL Bill 2(a) Amendments for Grand Committee
21st August 2024
Will write letters
Letter from Lord Livermore to Baroness Kramer regarding the previous government’s management of the failure of Silicon Valley Bank (SVB) UK and the impact of this on the ring-fencing regime.
21st August 2024
Will write letters
Letter from Lord Livermore to Lord Vaux regarding factors considered when deciding which firms should maintain a Minimum Requirement for Own Funds and Eligible Liabilities (MREL) above minimum capital requirements, given that resolution is in the public interest should public funds be used rather than money from industry.
21st August 2024
Will write letters
Letter from Lord Livermore to Lord Moylan regarding whether the costs of litigation would be in scope of Financial Services Compensation Scheme (FSCS) levies under the new mechanism, as discussed during the Second Reading.
30th July 2024
2nd reading: Minutes of Proceedings (Lords)
30th July 2024
2nd reading (Lords)
25th July 2024
Briefing papers
Bank Resolution (Recapitalisation) Bill [HL]: HL Bill 2
18th July 2024
1st reading: Minutes of Proceedings (Lords)
18th July 2024
1st reading (Lords)
18th July 2024
Delegated Powers Memorandum
Bank Resolution (Recapitalisation) Bill: Delegated Powers Memorandum
18th July 2024
Explanatory Notes
HL Bill 2 Explanatory Notes
18th July 2024
Bill
HL Bill 2 (as introduced)