This update concerns resolution reporting templates and administrative compliance procedures for banks, which falls outside the core payments products and services taxonomy.
Clearing and Settlement Infrastructures (25%)The update addresses prudential resolution frameworks and deposit insurance reporting rather than payment account access, use, or protections.
The update mandates changes to regulatory reporting templates (COREP13) for resolution information, reducing reporting burden while maintaining supervisory access to essential data through alternative means.
Prudential Standards (72%)Low confidence — requires human review. The deletion of resolution reporting templates relates to prudential oversight and the Bank's resolution authority functions, but the primary focus is on reporting obligations rather than prudential standards themselves.
This Bank of England (Bank) policy statement (PS) provides feedback to responses the Bank received to its September 2025 consultation on partial revocation of the UK Technical Standards (UKTS) 2018/1624 on resolution reporting (COREP13).
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