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AFB Seminar: Solvent Exit Planning – Implementation of PS 5/24 and Next Steps

The PRA has published its final policy statement on solvent exit for non-systemic banks which comes into force on 1 October 2025. The statement clarifies the requirements in areas such as the transfer or repayment of deposits, trigger frameworks and assurance activities.

AFB will partner with Deloitte for an in-person seminar that will focus on firms’ preparedness for an orderly solvent exit as part of its BAU activities.

Why attend?

The implementation of solvent exit planning requirements will require a thoughtful approach from banks, building on their existing RRP capabilities. The requirements are more substantial than simply a financial modelling exercise and require input from across the bank including HR, IT, Operations, Risk, and Governance functions.

Deloitte’s Recovery and Resolution team has extensive experience working with financial institutions to develop their solvent exit planning capabilities and supporting the regulators in recent contingency planning cases. Attendees will learn why the regulations are important and how a bank’s solvent exit analysis can help to provide a foundation to produce a Solvent Exit Execution Plan quickly and confidently.

Who should attend?

This seminar is aimed at Business, Treasury, Risk and Compliance teams.  

Speakers

Alastair Morley

Alastair leads Deloitte’s Global Centre of Excellence on Recovery & Resolution Planning. Alastair has over two decades of experience supporting global authorities and financial institutions in BAU and in distress. He heads up our relationship with several national and supra-national resolution authorities and has led the implementation of multiple resolution cases in the UK and Europe. He also leads Deloitte’s holistic wind down planning proposition for FS regulated firms, coordinating and bringing together the broader expertise from across Deloitte including financial considerations and modelling, operational and communications.

Alex Brown

Alex is a Partner in the Recovery and Resolution Planning at Deloitte, specialising in providing expert advice to financial services firms on recovery and resolution issues. Alex specifically focuses on wind down planning and more recently the Solvent Exit expectations. Alex previously spent 13 years at the FSA/PRA and was a founding member of the PRA’s recovery and resolution team, subsequently going on to lead the team for several years.

Henry Basing

Henry is a Technical Director within Deloitte’s Recovery and Resolution Planning. Henry has advised multiple firms in the Recovery and Resolution Planning space, specialising in developing wind down plans, including banks, investment managers, payment firms, and an insurance broker. Prior to Deloitte, Henry joined from the Prudential Regulation Authority, where he worked in Banking Supervision.

Cameron Hudson

Cameron is an Assistant Director within Deloitte’s Recovery and Resolution Planning team. Cameron specialises in recovery and resolution planning, having advised multiple authorities and a range of financial institutions both in BAU and through periods of distress. Cameron has experience working with distressed firms preparing for and executing wind downs and solvent exits. Cameron joined Deloitte from the Resolution Directorate at the BoE, where he delivered work on both resolution planning policy development and practical contingency planning with firms, regulators, and advisors.

Logistics

Fee:         Included in AFB membership (no fee)

Venue:     In person at Deloitte, The Deloitte Academy, 1 New Street Square, EC4A 3HQ

Date:        Wednesday, 3 July 2024

Time:       09:00 – 10:15 (registration & breakfast from 08:30)

If you would like to submit a question or have any specific areas that you would like the session to address, please send them to AFB at secretariat@foreignbanks.org.uk  You will receive details on how to join this session a week before the event.