Featured Product

    FSB Issues Thematic Peer Review on Bank Resolution Planning

    June 04, 2018

    FSB launched the third thematic peer review on resolution regimes for banks. The review aims to evaluate implementation, by FSB jurisdictions, of the resolution planning standard set out in the FSB Key Attributes of Effective Resolution Regimes for Financial Institutions and in associated guidance in relation to banks. The Key Attributes are the international standard on resolution regimes and form a key component of the FSB policy framework to address the risks associated with institutions that are too-big-to-fail. As part of this review, FSB is seeking feedback from stakeholders by July 04, 2018.

    The Summary Terms of Reference on the peer review provide more details on the objectives, scope, and process for this review. The aim of the peer review is to:

    • Evaluate progress in the adoption of requirements for bank resolution planning and resolvability assessments since the second (March 2016) resolution peer review
    • Take stock of resolution planning practices in FSB jurisdictions for domestically incorporated banks that could be systemically significant or critical if they fail, focusing in particular on banks other than G-SIBs
    • Highlight the range of practices and lessons of experience on bank resolution planning, including any challenges arising from implementation
    • Identify jurisdictions’ approaches to resolution planning for banks that could be systemic in failure, including how proportionality considerations are reflected in resolution planning for those banks
    • Identify material inconsistencies or gaps that are common across jurisdictions and make recommendations to address them to promote effective implementation

    The peer review report, which is expected to be published in the first half of 2019, will describe the resolution planning frameworks and practices in FSB jurisdictions, including the progress since the second resolution peer review. It will describe the steps that those jurisdictions have taken as part of resolution planning to develop resolution strategies, implement resolution plans, and address barriers to resolvability, also highlighting differences in approaches across jurisdictions and by types of banks that could be systemic in failure. Progress in implementation of resolution planning requirements and the development of resolution plans will be illustrated with examples of different practices and the identification of areas where more work may be needed.

     

    Related Links

    Comment Due Date: July 04, 2018

    Keywords: International, Banking, Resolution Planning, Thematic Review, Peer Review, Systemic Risk, FSB

    Featured Experts
    Related Articles
    News

    APRA Updates Validation and Derivation Rules in September 2020

    APRA updated the lists of the Direct to APRA (D2A) validation and derivation rules for authorized deposit-taking institutions, insurers, and superannuation entities.

    September 24, 2020 WebPage Regulatory News
    News

    EC Proposes Frameworks for Crypto-Assets and Operational Resilience

    EC adopted a package that includes the digital finance and retail payments strategies and the legislative proposals for regulatory frameworks on crypto-assets and digital operational resilience.

    September 24, 2020 WebPage Regulatory News
    News

    ECB Publishes Opinion on Proposals to Amend Securitization Framework

    ECB published an opinion (CON/2020/22) on proposals for regulations amending the securitization framework of EU, in response to the COVID-19 pandemic.

    September 24, 2020 WebPage Regulatory News
    News

    FCA Consults on Regulation of International Firms in UK

    FCA is consulting on its approach to the authorization and supervision of international firms operating in UK.

    September 23, 2020 WebPage Regulatory News
    News

    MAS Amends Notice on Capital Adequacy Requirements of Banks

    MAS published amendments to Notice 637 on the risk-based capital adequacy requirements for reporting banks incorporated in Singapore.

    September 23, 2020 WebPage Regulatory News
    News

    FCA to Begin to Move Firms to New Data Collection Platform RegData

    FCA announced that it will move firms to RegData from Gabriel in the coming months in stages, based on the reporting requirements of firms.

    September 23, 2020 WebPage Regulatory News
    News

    ISDA Expects IBOR Fallbacks to be Effective by End of January 2021

    ISDA issued a letter to regulators to flag that it now expects the supplement to the 2006 ISDA Definitions and the Interbank Offered Rate (IBOR) Fallbacks Protocol to be effective around mid- to late-January 2021.

    September 23, 2020 WebPage Regulatory News
    News

    APRA Reviews Repayment Deferral Plans, Identifies Best Practices

    APRA has concluded its review of the comprehensive plans of authorized deposit-taking institutions for the assessment and management of loans with repayment deferrals.

    September 22, 2020 WebPage Regulatory News
    News

    ESAs Assess Risks to Financial Sector After COVID-19 Outbreak

    ESAs (EBA, EIOPA, and ESMA) published the first joint report that assesses risks in the financial sector since the outbreak of the COVID-19 pandemic.

    September 22, 2020 WebPage Regulatory News
    News

    BoE Confirms Withdrawal of COVID Corporate Financing Facility

    BoE and HM Treasury confirmed that the COVID Corporate Financing Facility (CCFF) will close for new purchases of commercial paper, with effect from March 23, 2021.

    September 22, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5836