FSB published a summary of comments received on the June 2019 discussion paper on public disclosures for resolution planning and resolvability of banks. The discussion paper explored how general and firm-specific disclosures on resolution planning and resolvability could be further enhanced. Five responses were received from seven different groups. FSB does not plan to develop further guidance on disclosures for resolution planning and resolvability. FSB will again consider in 2022 whether further guidance is needed.
Respondents expressed general support for transparency and disclosure regarding resolution planning and resolvability. They observed that public disclosures by authorities on resolution planning and resolvability of banks can bolster market discipline and accountability, while encouraging firms to remove barriers to resolvability. Several respondents indicated caution about firm-specific disclosures and stressed the need to protect commercially sensitive information. FSB does not plan to develop further guidance on resolution disclosures at this stage. However, it will continue to encourage appropriate levels of disclosure by authorities of their general resolution policies and by firms, as applicable, of firm-specific disclosures. It will also consider how to collect and share references to authorities’ disclosures of general resolution-related policies, including policy proposals, in particular rules with possible cross-border effects.
Keywords: International, Banking, Resolution Planning, Resolvability, G-SIB, Disclosure, Systemic Risk, Resolution Framework, Responses to Consultation, FSB
Sam leads the quantitative research team within the CreditEdge™ research group. In this role, he develops novel risk and forecasting solutions for financial institutions while providing thought leadership on related trends in global financial markets.
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