FSB Issues Public Responses to Proposals on Resolution Planning
FSB issued public responses to the consultations on two proposals for guidance on the implementation of particular aspects of its Key Attributes of Effective Resolution Regimes for global systemically important banks (G-SIBs). The two subjects of consultation constituted principles on bail-in execution and funding strategy elements of an implementable resolution plan. The consultations ran from November 30, 2017 to February 02, 2018.
Responses to Consultation on Principles on Bail-in Execution. The consultative document on principles on bail-in execution proposed a set of principles to assist authorities as they make G-SIB bail-in resolution strategies operational. The consultation received responses from Association of Supervisors of Banks of the Americas (ASBA); CNMV Advisory Committee; Credit Suisse; European Banking Federation; European Financial Congress; Institute of International Finance (IIF), Global Financial Markets Association (GFMA), and The Clearing House (TCH); Japanese Bankers Association; Standard Bank Group; and World Council of Credit Unions.
Responses to Consultation on Funding Strategy Elements of an Implementable Resolution Plan. The consultative document on funding strategy elements of an implementable resolution plan proposed guidance on the development of a plan for funding in resolution. The published responses included responses from ASBA; CLS Bank International; Credit Suisse; European Banking Federation; European Financial Congress; Polish Bank Association; TCH, GFMA, and IIF; and the World Council of Credit Unions.
Related Links
- Responses to Consultation on Principles on Bail-in Execution
- Consultation on Principles on Bail-in Execution
- Responses to Consultation on Elements of Implementable Resolution Plan
- Consultation on Elements of Implementable Resolution Plan
Keywords: International, Banking, Resolution Planning, Bail-in, G-SIB, Responses to Consultation, FSB
Previous Article
DNB Issues Additional Data Quality Checks for Fourth Quarter of 2018Related Articles
OSFI Issues Phase2 Consultation on Climate Scenario Exercise for Banks
The Office of the Superintendent of Financial Institutions (OSFI) recently announced a consultation on the second phase of the Standardized Climate Scenario Exercise (SCSE) for banks and other financial institutions it regulates in Canada.
BIS and Central Banks Experiment with GenAI to Assess Climate Risks
A recent report from the Bank for International Settlements (BIS) Innovation Hub details Project Gaia, a collaboration between the BIS Innovation Hub Eurosystem Center and certain central banks in Europe
Nearly 25% G-SIBs Commit to Adopting TNFD Nature-Related Disclosures
Nature-related risks are increasing in severity and frequency, affecting businesses, capital providers, financial systems, and economies.
Singapore to Mandate Climate Disclosures from FY2025
Singapore recently took a significant step toward turning climate ambition into action, with the introduction of mandatory climate-related disclosures for listed and large non-listed companies
SEC Finalizes Climate-Related Disclosures Rule
The U.S. Securities and Exchange Commission (SEC) has finalized the long-awaited rule that mandates climate-related disclosures for domestic and foreign publicly listed companies in the U.S.
EBA Proposes Standards Related to Standardized Credit Risk Approach
The European Banking Authority (EBA) has been taking significant steps toward implementing the Basel III framework and strengthening the regulatory framework for credit institutions in the EU
US Regulators Release Stress Test Scenarios for Banks
The U.S. regulators recently released baseline and severely adverse scenarios, along with other details, for stress testing the banks in 2024. The relevant U.S. banking regulators are the Federal Reserve Bank (FED), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC).
Asian Governments Aim for Interoperability in AI Governance Frameworks
The regulatory landscape for artificial intelligence (AI), including the generative kind, is evolving rapidly, with governments and regulators aiming to address the challenges and opportunities presented by this transformative technology.
EBA Proposes Operational Risk Standards Under Final Basel III Package
The European Union (EU) has been working on the final elements of Basel III standards, with endorsement of the Banking Package and the publication of the European Banking Authority (EBA) roadmap on Basel III implementation in December 2023.
EFRAG Proposes XBRL Taxonomy and Standard for Listed SMEs Under ESRS
The European Financial Reporting Advisory Group (EFRAG), which plays a crucial role in shaping corporate reporting standards in European Union (EU), is seeking comments, until May 21, 2024, on the Exposure Draft ESRS for listed SMEs.