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This report sets out good practices that have helped Crisis Management Groups (CMGs) to enhance their preparedness for the management and resolution of a cross-border financial crisis affecting a Global Systemically Important Bank (G-SIB) consistent with the FSB Key Attributes of Effective Resolution Regimes for Financial Institutions.

The focus is on CMG activities that seek to enhance crisis preparedness rather than on cooperation during a crisis itself. The good practices identified in this report are organised along 16 desired outcomes that CMGs seek to achieve and relate to: (1) the structure and operation of CMGs; (2) resolution policy, strategy and resolvability assessments; (3) coordination on enhancing firms’ resolvability; and (4) enhancing home-host coordination arrangements for crisis preparedness.