Consultative document on Arrangements to Support Operational Continuity in Resolution
The FSB identified operational continuity in resolution as an issue that remains to be addressed for authorities and market participants to have confidence that resolution strategies and plans can be implemented effectively. The proposed guidance sets out arrangements to ensure continuity of critical shared services, such as IT infrastructure and software-related services, which are necessary to maintain the provision, or facilitate the orderly wind down, of a firm’s critical functions in resolution. Addressing these issues will help to remove impediments to the cross-border resolution of firms. Separate work will be untaken to address access to financial market infrastructure during resolution. Public comments are welcome by 4 January 2016.