Effective Resolution of Systemically Important Financial Institutions
The Financial Stability Board (FSB) is seeking comments on its Consultative Document on Effective Resolution of Systemically Important Financial Institutions. This consultative document contains a comprehensive package of proposed policy measures to improve the capacity of authorities to resolve SIFIs without systemic disruption and without exposing the taxpayer to the risk of loss, and a time line for their implementation. The Consultative Document consists of a cover note and eight closely interrelated annexes. Annexes 1-6 comprise proposed recommendations as set out below, while Annexes 7-8 comprise discussion notes reflecting preliminary FSB views: resolution powers and tools, cross-border arrangements, planning for resolution, and removing obstacles to resolvability.
The FSB invites comment and responses to the questions raised in the consultative document by Friday, 2 September 2011. Responses should be sent to [email protected]