Ramsden: How the Bank’s strategy for resolution has developed over time

Opening Remarks

Good afternoon. It is a pleasure to join you today, and I extend my gratitude to both the Money Macro and Finance Society and King’s College London for inviting me—two organizations with which I share a strong connection.

Focus of Today’s Discussion

As we begin a new year, my attention is on a resolution that plays a vital role in safeguarding financial stability. This resolution is designed to allow banks and other financial institutions to fail in a controlled and orderly manner. By doing so, it helps maintain essential financial services, protects customer deposits, and lessens the need for government intervention.