Reading the bill’s publication files and writing a plain-English Green Book note…
Reading the bill’s publication files and writing a plain-English Green Book note…
Proposal 3734
A Bill to make provision about recapitalisation costs in relation to the special resolution regime under the Banking Act 2009.
Appraisal prepared just now from the official papers. Next scheduled update after the next sitting or within about 24 hours.
Sponsor: Lord Livermore, Labour
Open publications on bills.parliament.ukPlain-English note and Green Book five-case reading from the official papers — the heart of this page.
Scheduled AI note not ready yet
No scheduled AI note is ready for this bill yet, so this page shows the free paper-extract path. A background refresh will prepare the AI note around the next sitting or refresh window.
In plain English
The purpose of the Bill is to enhance the special resolution regime for banks and is key to limiting the risks to public funds arising from the failure of a financial institution.
The papers we read for this bill do not say who would be affected if it became law.
The purpose of the Bill is to enhance the special resolution regime for banks and is key to limiting the risks to public funds arising from the failure of a financial institution.
Same bill, simpler words — a deeper read without the jargon.
Imagine the country is making a new rule. This one is about: The purpose of the Bill is to enhance the special resolution regime for banks and is key to limiting the risks to public funds arising from the failure of a financial institution.. The people who would notice most are: we are still checking who that would be. If it became a real law, the everyday change would be: The purpose of the Bill is to enhance the special resolution regime for banks and is key to limiting the risks to public funds arising from the failure of a financial institution..
Green Book 2026 · 5 Case Model
The purpose of the Bill is to enhance the special resolution regime for banks and is key to limiting the risks to public funds arising from the failure of a financial institution.
It is currently at Royal Assent in the Unassigned, sponsored by Lord Livermore, Labour.
Accountability · outcome beside Green Book evidence
Bank Resolution (Recapitalisation) Act 2025 became law. The official papers we read covered most of the Green Book five cases with concrete detail. That does not prove the outcome was “right” — it means the case on paper was relatively complete for accountability scrutiny.
Strategic: The purpose of the Bill is to enhance the special resolution regime for banks and is key to limiting the risks to public funds arising from the failure of a financial institution.
Economic: Instead of the Bank using resolution powers, this means placing the bank into insolvency and eligible depositors being paid out by the Financial Services Compensation Scheme (FSCS), currently up to £85,000 per eligible depositor. Placing SVB UK into insolvency would have resulted in an interruption of full access to deposits placed at the firm, particularly in relation to eligible deposits in excess of £85,000 and ineligible deposits.
Commercial: Gap — The papers we read for this bill do not say how this would be bought, contracted or put in place.
Financial: In the case of SVB UK, the Bank used its powers to write down regulatory capital and transfer SVB UK to HSBC, delivering good outcomes for financial stability, customers and taxpayers, and demonstrating the effectiveness and flexibility of the resolution regime. At present, these costs (as well as any costs of operating a bridge bank) may at least initially have to be borne by taxpayers.
Management: In the case of SVB UK, the Bank used its powers to write down regulatory capital and transfer SVB UK to HSBC, delivering good outcomes for financial stability, customers and taxpayers, and demonstrating the effectiveness and flexibility of the resolution regime. This memorandum has been prepared for the Delegated Powers and Regulatory Reform Committee to assist with its scrutiny of the Bank Resolution (Recapitalisation) Bill (“the Bill”).
This is an accountability reading, not a recommendation and not a score. It does not say whether Parliament should have passed or rejected the bill. It only sets the actual parliamentary outcome beside how complete the Green Book five-case evidence was in the official papers.
These UK Acts sit in a similar policy space and are already law. Pairing uses this proposal’s official papers (and the plain-English note themes). It is not a verdict that the proposal is redundant or unnecessary.
UK Act · Royal Assent · 2016-05-05
Bank of England and Financial Services Act 2016
Same policy area (“Economy / tax”) with overlapping title wording. Matched using wording from this bill’s official papersAlready law — useful context when asking whether this bill adds something new or mainly revisits covered ground.
UK Act · Royal Assent · 2013-12-19
Financial Services (Banking Reform) Act
Same policy area (“Economy / tax”). Matched using wording from this bill’s official papersAlready law — useful context when asking whether this bill adds something new or mainly revisits covered ground.
UK Act · Royal Assent · 2024-08-19
Financial Services and Markets Act 2023
Same policy area (“Economy / tax”). Matched using wording from this bill’s official papersAlready law — useful context when asking whether this bill adds something new or mainly revisits covered ground.
UK Act · Royal Assent · 2023-04-13
Financial Services Act 2021
Same policy area (“Economy / tax”). Matched using wording from this bill’s official papersAlready law — useful context when asking whether this bill adds something new or mainly revisits covered ground.
UK Act · Royal Assent · 2013-01-18
Financial Services Act 2012
Same policy area (“Economy / tax”). Matched using wording from this bill’s official papersAlready law — useful context when asking whether this bill adds something new or mainly revisits covered ground.