Section 60(2)

For the purpose of making the assessment of resolvability the Bank must— consider all relevant matters, including the matters set out in Schedule 2B and in any technical standards under paragraph (2A); have regard to the circumstances under which the institution may fail or be likely to fail, in particular— supposing that there is a situation of widespread financial instability or an occurrence of events which pose systemic risk; and supposing that there is no such a situation or occurrence; not assume that the institution will be in receipt of— extraordinary public financial support; emergency liquidity assistance ; or any other liquidity assistance provided by the Bank under non-standard collateralisation, tenor and interest rate terms; and consult— the appropriate regulator... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Source: legislation.gov.uk · retrieved 2026-09-04