Lords completes detailed scrutiny of Bank Resolution (Recapitalisation) Bill

The Bank Resolution (Recapitalisation) Bill aims to provide the Bank of England with more flexibility in how it manages the failure of small banks.

Line by line examination 

Committee stage is a thorough examination of the individual parts (clauses) of the bill.

Starting from the front of the bill, members work through the clauses in order, considering changes (amendments) to the wording or proposals for new clauses.

Proposed changes

Members speaking on the final day of committee stage put forward amendments (PDF) to the bill on subjects including:

• engagement between the Bank of England and Parliament
• associated costs of bank recapitalisation.

Catch up

• Watch the Parliament TV recording.
• Read the Lords Hansard transcript.

Explore further information 

Find out more about the bill in the House of Lords Library briefing.

Next steps 

Report stage, a further chance to closely scrutinise elements of the bill and make changes, is yet to be scheduled.

What's happened so far

Committee stage: day one

On Thursday 5 September, members debated changes to the bill on subjects including scrutiny of Bank of England decision making and executive bonuses.

• Read the text of proposed changes (PDF). 
• Watch the Parliament TV recording. 
• Read the Lords Hansard transcript. 

Second reading

Second reading, a full debate on the key principles of the bill, took place on Tuesday 30 July.

Image: Adobe Stock