Financial consultancy services

Tender description

The Bank of England (‘Bank’) is the central bank of the United Kingdom. The Bank is committed to promoting the good of the people of the United Kingdom by maintaining monetary and financial stability. The Bank is the United Kingdom’s resolution authority for banks, building societies, central counterparties and certain investment firms (‘firms’). The Special resolution regime (SRR), as defined through the provisions of the Banking Act 2009, is the process by which the authorities can intervene to manage the failure of a firm. The Bank is seeking framework suppliers to: — provide those reports commissioned under s.83ZB of the Banking Act 2009, where those reports are contracted for directly by the Bank and not the individual firms, and — provide other services as described further below to support the SRR objectives. Consultancy and advice in relation to valuation analysis for the purpose of resolution contingency planning, including, but not limited to, the ex-ante and ex-post independent valuation work required by the Banking Act 2009. Consultancy and advice to support the Bank’s assurance over firms’ capabilities under the Resolvability Assessment Framework, if required. This may include, but would not be limited to, review and/or testing of firms’ capabilities related to MREL, valuations and/or funding in resolution. Planning and advice in connection with the Bank (or building society) insolvency procedure (BIP), Bank administration procedure (BAP) and the Special administration procedure for investment firms (‘SAR’). This includes the duties of a bail-in administrator appointed to support a resolution. Consultancy and advice to support the Bank’s assurance over firms’ capabilities under the Resolvability Assessment Framework, if required. This may include, but would not be limited to, review and/or testing of firms’ capabilities related to restructuring planning and/or management, governance and communications. Corporate finance advice and support to the Bank or a firm under the direction of the Bank in relation to preparing for execution of a sale, restructuring or funding transaction as part of a recovery or resolution plan. Including options analysis on transaction structures, planning and delivery of Merger and acquisition (M&A) processes, Equity capital market (ECM), Debt capital market (DCM) or M&A advisory services. Consultancy and advice to support the Bank’s assurance over firms’ capabilities under the resolvability assessment framework, if required. This may include, but would not be limited to, review and/or testing of firms’ capabilities related to bail-in mechanics and restructuring planning. Consulting and advice to support the Bank in assessing the operational feasibility of resolution plans, and preparatory assessment and remediation work for contingency planning, including; assessment of a firm’s operational aspects, assessment of internal and external operational interdependencies, assessment of the causes of operational failures at firms and information technology security, and control vulnerabilities. Consultancy and advice to support the Bank’s assurance over firms’ capabilities under the resolvability assessment framework, if required. This may include, but would not be limited to: — continuity of financial contracts in resolution (stays), MREL, — operational continuity in resolution, — continuity of access to Financial market infrastructure (FMI) — restructuring planning, and — management, governance and communications.