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ARTICLE · 13 NOVEMBER 2015

Financial Stability Board Issues New Measures To Promote Resolvability

A&O Shearman
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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."

GlobalFinance and Banking

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. 

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