- within Consumer Protection, Insolvency/Bankruptcy/Re-Structuring and Insurance topic(s)
On November 9, 2015, the FSB published a report on removing remaining obstacles to resolvability. The report states that significant work is still to be carried out to make resolution plans fully operational and recognizes that not all FSB jurisdictions have a bank resolution regime that is in line with the FSB's key attributes of effective resolution regimes for financial institutions, which were last updated in October 2014. The FSB intends, amongst other things, to develop guidance to implement the TLAC standard and undertake work on CCP resolution and resolution planning, including possibly making a proposal for draft guidance.
The report is available at: http://www.financialstabilityboard.org/wp-content/uploads/Report-to-the-G20-on-Progress-in-Resolution-for-publication-final.pdf.
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