View the Standard

This FSB report sets out guidance for resolution and resolution planning of central counterparties (CCPs). The guidance complements the FSB Key Attributes of Effective Resolution Regimes by providing guidance on implementing the Key Attributes in resolution arrangements for CCPs. The guidance sets out powers for resolution authorities to maintain the continuity of critical CCP functions; discusses the use of loss allocation tools; and describes steps authorities should take to establish crisis management groups for relevant CCPs and develop resolution plans.

The guidance was developed as part of the joint workplan to strengthen the resilience, recovery and resolution of CCPs.