This note provides an overview of the UK's approach to transposing and implementing the Bank Recovery and Resolution Directive (2014/59/EU) (BRRD), which established a recovery and resolution framework for EU credit institutions and investment firms.

The note tracks the progress of policy and measures to implement the BRRD. It also considers the changes made to the UK's pre-BRRD legislative and regulatory regime for the recovery and resolution of banks and investment firms, in particular the special resolution regime (SRR) established under the Banking Act 2009.