On November 3, 2015, the FSB issued two finalized guidance papers and three consultation papers promoting new measures to support its financial institution resolution and recovery regime and ending "too-big-to-fail." The two finalized guidance papers discuss principles for cross-border resolution strategies. The consultation papers discuss temporary funding and operational continuity needed to support the resolution of a Global Systemically Important Financial Institution as well as the development of effective resolution strategies.
The FSB press release is available at: http://www.financialstabilityboard.org/wp-content/uploads/Resolution-consultation-press-release.pdf.
The finalized guidance paper on Principles for Cross-border Effectiveness of Resolution Actions is available at: http://www.financialstabilityboard.org/wp-content/uploads/Principles-for-Cross-border-Effectiveness-of-Resolution-Actions.pdf.
The finalized guidance paper on Guidance on Cooperation and Information Sharing with Host Authorities of Jurisdictions where a G-SIFI has a Systemic Presence that are Not Represented on its Crisis Management Groups is available at: http://www.financialstabilityboard.org/wp-content/uploads/Guidance-on-cooperation-with-non-CMG- hosts.pdf.
The consultative document on Temporary Funding Needed to Support the Orderly Resolution of a Global Systemically Important Bank is available at: http://www.financialstabilityboard.org/wp-content/uploads/Funding-in-Resolution-Guiding-Principles-Consultative-Document.pdf.
The consultation paper on Guidance on Arrangements to Support Operational Continuity in Resolution is available at: http://www.financialstabilityboard.org/wp-content/uploads/Guidance-on-Arrangements-to-Support-Operational-Continuity-in-Resolution.pdf.
The consultation paper on Developing Effective Resolution Strategies and Plans for Systemically Important Insurers is available at: http://www.financialstabilityboard.org/wp-content/uploads/Developing-Effective-Resolution-Strategies-and-Plans-for-Systemically-Important-Insurers.pdf.
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