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February 09, 2018

The Financial Stability Institute and the International Association of Deposit Insurers (IADI) of BIS organized the eighth joint conference on bank resolution, crisis management, and deposit insurance in Basel, Switzerland. The event was attended by nearly 250 central bankers, banking supervisory officials, and deposit insurers representing 130 financial authorities in 80 jurisdictions worldwide.

During the initial keynote address, Mark Branson, CEO of FINMA and Chair of the FSB Resolution Steering Group, highlighted that the international policy development work on bank resolution had largely been completed. However, he emphasized that there is still a lot to be done in terms of ensuring that the resolution policy framework would work successfully in practice. Additionally, while closing the event, Agustín Carstens, BIS General Manager, pointed out that it would be crucial to share experiences and exchange information on the practices of bank resolution and crisis management. He said that the BIS, through the Basel Process and in particular the Financial Stability Institute, stands ready to further promote this open dialog within the official sector. Additionally, in the various panels, speakers and participants discussed:

  • The progress and challenges associated with the implementation of resolution frameworks, not only for banks but also for non-bank financial institutions.
  • Practical implementation issues related to core elements of the global standards on resolution such as bail-in, total loss-absorbing capacity (TLAC), and valuation.
  • The intersection between banking supervision, resolution, and deposit insurance through discussions on early supervisory intervention approaches and recovery plans.
  • Lessons learned from bank failures of last year.
  • Future challenges and opportunities in the resolution and deposit insurance areas, including the ones arising from the developments in financial technology.

 

Related Link: Press Release

Keywords: International, Banking, Resolution Framework, Crisis Management, Deposit Insurance, Fintech, BIS

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