Thematic peer review on bank resolution planning: Summary Terms of Reference
The terms of reference provide details about the FSB’s third thematic peer review on resolution regimes for banks. The FSB is seeking feedback from stakeholders as part of this review.
The objective of the review is to evaluate implementation by FSB jurisdictions of the resolution planning standard set out in the FSB Key Attributes of Effective Resolution Regimes for Financial Institutions (Key Attributes) and in associated guidance in relation to banks. The Key Attributes are the international standard on resolution regimes for financial institutions, and form a key component of the FSB’s policy framework to address the risks associated with institutions that are too-big-to-fail.
The peer review will cover resolution planning for all domestically incorporated banks in FSB member jurisdictions that could be systemically significant or critical if they fail, i.e. global systemically important banks (G-SIBs), domestic systemically important banks (D-SIBs) and any other banks that could be systemic in failure and which are included in resolution planning at a jurisdictional level. Given that FSB work in recent years has been primarily focussed on resolution planning for G-SIBs, the review will focus in particular on banks other than G-SIBs and will explore the extent to which, and how, expectations set out in FSB guidance are applied to these institutions.
As part of this peer review, the FSB invites feedback from financial institutions, industry and consumer associations plus other stakeholders on the aspects of bank resolution planning covered by the peer review. This could include comments on:
the adequacy and nature of requirements and practices for resolution planning in FSB jurisdictions, including proportionality considerations for different types of banks;
the nature and scope of guidance by the authorities in relation to resolution planning;
experiences and challenges from the development of resolution strategies and plans, including in a cross-border context;
the adequacy of public disclosures on bank resolution planning; and
experiences and challenges in addressing barriers to resolvability, and implications for resolution planning.
Feedback should be submitted by 4 July 2018 to [email protected] under the subject heading “FSB Thematic Peer Review on Bank Resolution Planning.” Individual submissions will not be made public.