This sixth report on the implementation of resolution reforms describes progress in implementing the agreed resolution policies agreed for systemically important financial institutions (SIFIs). The report provides an update on the implementation of the FSB’s Key Attributes of Effective Resolution Regimes for Financial Institutions which are the internationally agreed standards for resolution of SIFIs.

It reports the findings from the Resolvability Assessment Processes (RAPs) for global systemically important banks (G-SIBs) and global systemically important insurers (G-SIIs) and sets out the further actions necessary to fully implement the Key Attributes and ensure that all global systemically important financial institutions (G-SIFIs) are resolvable. The focus going forward will be on the comprehensive and consistent implementation of agreed resolution policies and on the evaluation of the effects of resolution reforms. 

The report shows continued progress in addressing barriers to the resolvability of SIFIs however notes that significant work remains to remove obstacles to cross-border resolution and to implement the resolution reforms in a comprehensive and consistent manner across all sectors, including for central counterparties and insurers.