Effective Resolution Regimes and Policies – Implementation
The FSB has designated resolution regimes as one of the priority areas for implementation monitoring. The task of regular monitoring and reporting in this area is carried out by the FSB Resolution Steering Group (ReSG) and its subgroups, such as the Cross-Border Crisis Management (CBCM) groups for banks, insurers and financial market infrastructures. Their activities include monitoring progress and promoting the effective implementation in substance and scope of the Key Attributes of Effective Resolution regimes in the bank and non-bank financial sectors.
The FSB published its third annual report to the G20 on the implementation and effects of the G20 financial regulatory reforms in July 2017. Below is an extract from this report on the status of implementation of resolution-related reforms.