FSB seeks peer review on TBTF resolution, focus on DSIBs and other banks

The FSB is seeking feedback from stakeholders as part of its peer review on bank resolution planning, which forms a key component of the FSB’s policy framework to address the risk of too-big-to-fail. 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 and in associated guidance in relation to banks. The Key Attributes are the international standard on resolution regimes, 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 that 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 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.

Read the full release

Related Posts

Previous Post
Finadium/DEGC repo breakfast recap: sharp insights on market structure, technology and future risks (Premium)
Next Post
NEX European repo volume up 15% in May yoy, US down 2% mom

Fill out this field
Fill out this field
Please enter a valid email address.

X

Reset password

Create an account