UK Finance has responded to the PRA and Bank of England consultations on developing a Resolvability Assessment Framework (RAF). Our members support the RAF initiative, however we requested clarification in a number of areas, including: the allocation of responsibilities between bank senior management and the authorities, a better understanding of how the regime will apply to third country branches and its level of application within groups. We also requested that banks should be given sufficient time to ensure transparency requirements can be met in order to better meet the RAF objectives.