Making the Key Attributes Requirements Operational
Reforms are now underway in many jurisdictions to align national resolution regimes and institutional frameworks more closely with the Key Attributes. Recognising the importance of ensuring that no financial institution is 'too big to fail', particular focus is being given to the effective implementation and application of those attributes that are particularly relevant for G-SIFIs. The authorities responsible for the supervision and resolution of G-SIFIs are required to develop resolution strategies and plans in line with the Key Attributes. They are also required to conduct resolvability assessments and prepare institution-specific cross-border cooperation agreements (COAGs).
The FSB welcomes comments and responses to the questions raised in the consultative document by Friday, 7 December 2012. Responses should be sent to [email protected]