The U.K. Treasury announced today that a new expert liaison group on banking will be set up.

 

The group will work with the government to help prepare new secondary legislation for the special resolution regime (SRR), one of the key proposals in the government's new Banking Bill.

 

The group will also have an ongoing remit to keep SRR powers and regulations under
review, as practices in the financial markets develop over time. 

The group will include representatives from the banking sector, experts in financial law and insolvency, and members from the Treasury, Bank of England, Financial Services Authority and Financial Services Compensation Scheme.

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