FSB Publishes Responses to Consultation on Resolvability Disclosures

By Regulatory News

August 19, 2019

Systemic Risk, Basel III

FSB published responses received to the consultation on disclosures for resolution planning and resolvability of banks. The discussion paper focused mainly on disclosures of resolution planning for global systemically important banks (G-SIBs) and explored how general and firm-specific disclosures on resolution planning and resolvability could be enhanced. However, many of the disclosure approaches discussed are also relevant for domestic systemically important banks and other firms subject to resolution planning requirements. FSB published responses received from Bank Policy Institute (BPI) and Financial Services Forum (FSF), CLS Bank International, European Banking Federation (EBF), Institute for International Finance (IIF) and the Global Financial Markets Association (GFMA), and Japanese Bankers Association (JBA). The comment period on the consultation had ended on August 02, 2019.

The discussion paper drew on the current practices on disclosure of general information by authorities and of firm-specific information by both authorities and firms on resolution regimes and resolution planning. FSB was seeking feedback on the merits of such disclosures and ways to enhance disclosure practices. The discussion paper focused on ex-ante disclosures on resolution planning and resolvability. Such disclosures should help strengthen market discipline and public accountability and offer additional incentives for firms to remove any remaining barriers to resolvability. Additionally, ex-ante disclosures may clarify expectations and strengthen market confidence in the resolution actions of authorities. The discussion paper did not cover communications and disclosures in the lead-up to a resolution or as a resolution event unfolds, nor did it discuss ex-post disclosures, such as information about specific resolution cases or legal cases.

Related Links

Keywords: International, Banking, Resolution Planning, Resolvability, G-SIB, Disclosure, Systemic Risk, Responses to Consultation, FSB

Featured Experts

Dieter Van der Stock

IFRS subject matter expert; accounting authority; risk management specialist

MAS to Consolidate Regulation of Merchant Banks Under Banking Act

APRA Revises Related Entities Standard for Banks


News FASB Proposes Taxonomy Changes Related to Topics 848 and 470 FASB proposed taxonomy improvements for the proposed Accounting Standards Update on topic 848 on facilitation of effects of reference rate reform on financial reporting. September 16, 2019 WebPage Regulatory News
News BoE Statement on Recalculating Transitional Measures Under Solvency II BoE notified that it will be willing to accept applications from firms to recalculate transitional measure on technical provisions (TMTP) as at September 30, 2019. September 16, 2019 WebPage Regulatory News
News BoE Paper on Market-Implied Systemic Risk and Shadow Capital Adequacy BoE published a working paper that presents a forward-looking approach to measure systemic solvency risk. September 13, 2019 WebPage Regulatory News
News HKMA Consults on Policy Module on Pillar 2 Supervisory Review Process HKMA is consulting on the revised Supervisory Policy Manual module CA-G-5 that sets out the HKMA approach to conducting the supervisory review process under Pillar 2. September 13, 2019 WebPage Regulatory News
News PRA Publishes Waiver by Consent of Continuity of Access Rules PRA published a new waiver by consent to waive the Continuity of Access requirements contained in the Depositor Protection Part of the PRA Rulebook (DPP). September 13, 2019 WebPage Regulatory News
News EBA Single Rulebook Q&A: Second Update for September 2019 EBA updated the Single Rulebook question and answer (Q&A) tool with answers to three questions. September 13, 2019 WebPage Regulatory News
News PRA Revises Branch Return and Updates Guidance for Regulatory Reports PRA published the policy statement PS17/19, which contains the final policy related to changes in the format and content of the Branch Return Form and reporting guidance. September 12, 2019 WebPage Regulatory News
News ISDA Guide on Collateral Management Under Smart Derivatives Contracts ISDA published the third in a series of legal guidelines for smart derivatives contracts. September 12, 2019 WebPage Regulatory News
News ESA Report Highlights Risks of No-Deal Brexit in EU Financial System ESAs published a Joint Committee report on risks and vulnerabilities in the EU financial system. September 12, 2019 WebPage Regulatory News
News ECB Modifies New Targeted Longer-Term Refinancing Operations The Governing Council of ECB decided to modify some of the key parameters of the third series of targeted longer-term refinancing operations (TLTRO III) to preserve favorable bank lending conditions (Decision (EU) 2019/1558). September 12, 2019 WebPage Regulatory News

RESULTS 1 - 10 OF 3819