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 […]
The 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.
This 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.
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.
This consultative document contains a comprehensive package of proposed policy measures to improve the capacity of authorities to resolve SIFIs. Comments should be sent to [email protected] by 2 September 2011.
This report recommends a policy framework for addressing the systemic and moral hazard risks associated with systemically important financial institutions (SIFIs).