Banking Act 2009

GPTKB entity

Statements (28)
Predicate Object
gptkbp:instanceOf gptkb:Act_of_Parliament
gptkbp:amendedBy gptkb:Financial_Services_Act_2012
gptkbp:appliesTo gptkb:United_Kingdom
gptkbp:citation 2009 c. 1
gptkbp:containsProvision gptkb:Bank_Administration_Procedure
gptkb:Special_Resolution_Regime
Bank Insolvency Procedure
gptkbp:dateEnacted 2009
gptkbp:enables Bank of England intervention in failing banks
Financial Services Compensation Scheme involvement
HM Treasury powers in bank crises
gptkbp:enactedBy gptkb:Parliament_of_the_United_Kingdom
https://www.w3.org/2000/01/rdf-schema#label Banking Act 2009
gptkbp:introduced HM Treasury
gptkbp:providesFor bank resolution mechanisms
temporary public ownership of banks
transfer of bank property
transfer of bank shares
gptkbp:purpose to provide a permanent statutory regime for dealing with failing banks
gptkbp:receivedRoyalAssent 12 February 2009
gptkbp:regulates financial stability
bank administration
bank insolvency
gptkbp:relatedTo gptkb:financial_crisis_of_2007–2008
gptkbp:repealedBy gptkb:Banking_(Special_Provisions)_Act_2008
gptkbp:bfsParent gptkb:Global_Financial_Crisis
gptkb:Financial_Services_Act_2012
gptkbp:bfsLayer 6