HM Treasury has published a consultation document on proposed reforms to the investment bank special administration regime (SAR). The proposals include: (i) a mechanism to facilitate the rapid transfer of customer relationships and assets; (ii) further co-ordination between the SAR and the FCA client money rules set out in CASS in determining the method of quantification of client claims; (iii) the ability of an administrator to assign costs, incurred as a result of a failure by the investment bank to comply with CASS rules on the segregation of client assets, to the general estate, rather than such costs being borne by the client estate; and (iv) measures obliging certain contractual counterparties to co-operate with the administrator. Comments are invited by 20 April 2016.