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

Related Articles
News

APRA Releases Minor Changes to Reporting Standards on SA-CCR for Banks

APRA released minor changes to the three reporting standards for the standardized approach for measuring counterparty credit risk exposures (SA-CCR).

May 22, 2019 WebPage Regulatory News
News

APRA Proposes to Amend Guidance on Residential Mortgage Lending

APRA is consulting on revisions to the prudential practice guide APG 223 on residential mortgage lending in Australia.

May 21, 2019 WebPage Regulatory News
News

ESAs Amend Technical Standards on Mapping of ECAIs Under CRR

ESAs published a second amendment to the implementing technical standards on the mapping of credit assessments of External Credit Assessment Institutions (ECAIs) for credit risk under the Capital Requirements Regulation (CRR).

May 20, 2019 WebPage Regulatory News
News

OCC Consults on Information Collection for Home Mortgage Disclosures

OCC is soliciting comment on the revision of the information collection titled “Regulation C—Home Mortgage Disclosure.” OCC also notes that it has sent the collection to OMB for review.

May 20, 2019 WebPage Regulatory News
News

EIOPA Updates Q&A on Regulations in May 2019

EIOPA published additional questions and answers (Q&A) on guidelines, directives, and regulations applicable to insurers in Europe.

May 17, 2019 WebPage Regulatory News
News

FSB Publishes Update on Meeting of RCG for Americas

FSB published a summary of the meeting of its Regional Consultative Group (RCG) in Americas.

May 17, 2019 WebPage Regulatory News
News

ESRB Paper on Impact of Business Model Similarities on Risk Capture

ESRB published a working paper on whether information contagion and business model similarities explain bank credit risk commonalities.

May 17, 2019 WebPage Regulatory News
News

IASB Issues Work Plan and Meeting Updates for May 2019

IASB published an updated work plan, along with the update of its meeting in May 2019.

May 17, 2019 WebPage Regulatory News
News

FCA Publishes Its Business Plan for the Coming Year

FCA published its Business Plan, which sets out the main areas of focus and priorities for 2019/20.

May 17, 2019 WebPage Regulatory News
News

CBM Notifies ESRB and ECB on Imposing Borrower-Based Measures in Malta

CBM notified ESRB and ECB regarding its decision to impose borrower-based measures on lenders in Malta.

May 17, 2019 WebPage Regulatory News
RESULTS 1 - 10 OF 3103