EACH Response: Bank of England’s consultation on central counterparty resolution execution and resolvability outcomes – September 2026

The key messages that EACH would like to convey with this consultation response are the following:

• Resolution should build on existing CCP recovery arrangements and be proportionate.
• UK statute rather than amendment of individual CCP rulebooks.
• A pro-rata approach is a good starting point, but should not be mandatory.
• Need for clear boundary between CCP recovery powers and Bank resolution powers.