Resolution and Compensation Unit

The GFSC is the appointed Resolution Authority (RA) for Gibraltar. The powers of the GFSC as RA are delegated to the Financial Services Resolution and Compensation Committee (the FSRCC), which was established in 2016.    

The FSRCC is responsible for resolution planning for Credit Institutions and certain Investment Firms as well as decision-making relating to the reorganisation of institutions experiencing financial difficulties. 

The FSRCC is operationally independent from the supervisory function of the GFSC, with the Resolution and Compensation Unit carrying out its day to day functions and reporting directly to the Committee. 

The key resolution objectives of the RA are to:

  • ensure the continuity of critical functions of BRRD firms where appropriate
  • avoid a significant adverse effect on the financial system, in particular by preventing contagion, including to market infrastructures, and by maintaining market discipline;
  • protect public funds by minimising reliance on extraordinary public financial support;
  • protect depositors covered by Directive 2014/49/EU and investors covered by Directive 97/9/EC; and 
  • protect client funds and client assets.

In addition, the FSRCC will continue to add important elements to its role of ensuring the stability of the Gibraltar financial market, the protection of clients and the implementation of and compliance with recognised international standards.

Separately, the FSRCC is also the authority responsible for the Deposit Guarantee Scheme in Gibraltar. It manages the tasks of the Deposit Guarantee Scheme, collects deposit guarantee contributions and decides on the Deposit Guarantee Fund’s payment liability. For further detail, please see

The FSRCC manages both the Resolution and Deposit Guarantee Ex-Ante Funds which are financed by contributions from credit institutions and investment firms where appropriate. These funds are held on trust and can only be used for the specified purposes intended.   


20/02/2020 3rd RCU Seminar on Crisis Management, Resolution and Deposit Insurance: What is next and how to prepare Download
24/09/2018 Resolution Compensation Unit Annual SeminarDownload
14/09/2017 RCU Bank Resolution Seminar: Charting the Course for Gibraltar Banks      Download



25/03/2022 Industry Dialogue Workshop: MREL Recap & Reporting Download
25/06/2021 Industry Dialogue Workshop: Valuations in ResolutionDownload
17/03/2021 BRRD2 / MREL Q&AsDownload
27/02/2021 Industry Dialogue Workshop: UK MREL Application & OperationalisationDownload
26/02/2021 Industry Dialogue Workshop: BRRD2: MREL ChangesDownload
29/01/2021 Industry Dialogue Workshop: Refresh of BRRDIIDownload
10/02/2020 Introduction to Valuations Download
27/06/2019 ITS Submission Feedback Download
28/02/2018 Industry Dialogue Workshop: FMI & Critical IT SystemsDownload
10/04/2018 Industry Dialogue Workshop:Critical Functions and Critical Shared ServicesDownload
28/02/2018 Industry Dialogue Workshop - Simplified Obligations Download 
21/02/2018 Industry Dialogue Workshop: Liability TemplateDownload
13/12/2017 Industry Dialogue Workshop: MRELDownload
03/11/2017 Industry Dialogue Workshop: Content of Resolution Plans      Download



14/03/2018 FSRCC and GFSC MoU                                                                         Download


Templates & Briefing Notes

11/10/2018 Methodology for Ex-Ante Funding Contribution
03/10/2018 Final Template Instructions Download
01/10/2018 Final Resolution Template      Download
14/03/2018 Resolution Authority Internal RulesDownload
10/01/2018 Q&A Resolution Planning TemplateDownload
10/01/2018 Methodology for Ex-Ante Funding Contribution Calculations – Banking Resolution and Recovery DirectiveDownload
14/08/2019 Introduction to Simplified ObligationsDownload 
17/03/2020 Introduction to Bank Resolution Download
 21/04/2023 MREL PolicyDownload