This guidance should assist authorities and CMGs in their evaluation of the criticality of functions that firms provide to the real economy and financial markets.
This guidance aims to assist authorities and firms in implementing the recovery and resolution planning requirements under the Key Attributes. The guidance was revised in light of comments received during the public consultation.
19 April 2013 Implementing the FSB Key Attributes of Effective Resolution Regimes - how far have we come?At their February meeting this year, the G20 Finance Ministers and Central Bank Governors reiterated their commitment to ensure that all global systemically important financial institutions (G-SIFIs) are resolvable, and requested a report on progress. Authorities have made continued efforts to develop resolution strategies and operational plans for all G-SIFIs and to introduce resolution powers […]
11 April 2013 Thematic Review on Resolution RegimesThe thematic peer review report evaluates FSB jurisdictions’ existing resolution regimes and planned changes to those regimes using the FSB Key Attributes for Effective Resolution Regimes for Financial Institutions as a benchmark, and makes recommendations to support its timely and consistent implementation.
18 December 2012 Public responses to July 2011 consultative document Effective Resolution of Systemically Important Financial InstitutionsPublic feedback received from 15 entities on FSB's consultative document on Recovery and Resolution Planning published on 2 November 2012.
2 November 2012 Making the Key Attributes Requirements OperationalThis consultative documents seeks feedback on recovery triggers, resolution strategies, and identification of critical functions. Comments should be sent to [email protected] by 7 December 2012.
Since the adoption of the FSB Key Attributes of Effective Resolution Regimes for Financial Institutions ("the Key Attributes")1 as a new international standard for resolution regimes in November 2011, many jurisdictions have initiated reforms to align national resolution regimes and institutional frameworks with the Key Attributes. Overall, progress is encouraging. Implementation of the Key Attributes […]
This document sets out the critical policy measures that form the parts of the FSB SIFI Framework. Full implementation is targeted for 2019.
The Key Attributes are a new internationally-agreed standard that sets out the responsibilities, instruments and powers that national resolution regimes should have to resolve a SIFI as well as requirements for resolvability assessments and recovery and resolution planning for G-SIFIs.
On 19 July 2011, the FSB published its consultative document on Effective Resolution of SIFIs. Feedback received from 59 entities on the document are published here.