（FSCS）and the tripartite authorities includes the Bank of England, the FSA and the HM Treasury compose a financial safety net. The FSCS is the independent deposit insurer whose range “covers business conducted by firms authorised by the FSA” The Bank of England is the central bank of UK. The responsibility of FSA and the Treasury is the prudential supervision of the financial market. The tripartite authorities in charge of the failure resolution process at the same time. The association among them is positive and effective so that the useful information can be shared without delay which can maintain the well running of the safety net.    

The effective resolution processes

In order to address a financial problem, a useful system can easily be set up. Nonetheless, the heart of a matter is how to operate this system. Hence, the operation process of an effective deposit insurance system has been designed by the BCBS and the IADI. “Effective failure-resolution processes should: facilitate the ability of the deposit insurer to meet its obligations including