General Information & Client Service
  • Americas: +1.212.553.1653
  • Asia: +852.3551.3077
  • China: +86.10.6319.6580
  • EMEA: +44.20.7772.5454
  • Japan: +81.3.5408.4100
Media Relations
  • New York: +1.212.553.0376
  • London: +44.20.7772.5456
  • Hong Kong: +852.3758.1350
  • Tokyo: +813.5408.4110
  • Sydney: +61.2.9270.8141
  • Mexico City: +001.888.779.5833
  • Buenos Aires: +0800.666.3506
  • São Paulo: +0800.891.2518
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

Related Insights
News

US Agencies Propose Revisions to FFIEC Reports 031, 041, 051, and 101

US Agencies (FDIC, FED, and OCC) propose to extend for three years, with revision, FFIEC 031, FFIEC 041, FFIEC 051, and FFIEC 101.

February 21, 2019 WebPage Regulatory News
News

OFR Adopts Data Collection Rule on Centrally Cleared Repo Transactions

OFR adopted a final rule to establish a data collection covering centrally cleared funding transactions in the U.S. repurchase agreement (repo) market.

February 20, 2019 WebPage Regulatory News
News

FHFA Finalizes Rule on Federal Home Loan Bank Capital Requirements

FHFA published, in Federal Register, the final rule to adopt, as its own, portions of the regulations of the Federal Housing Finance Board pertaining to the capital requirements for the Federal Home Loan Banks.

February 20, 2019 WebPage Regulatory News
News

PRA Publishes PS4/19 on Loss-Absorbency Mechanism Under Solvency II

PRA published a policy statement (PS4/19) that provides feedback on responses to the consultation paper (CP27/18) on adjusting for the reduction of loss absorbency where own fund instruments are taxed on write down under Solvency II.

February 20, 2019 WebPage Regulatory News
News

SRB Publishes Framework for Performing Valuations in Resolution

The framework provides independent valuers and the general public with an indication of the expectations of SRB on the principles and methodologies for valuation reports, as set out in the legal framework.

February 19, 2019 WebPage Regulatory News
News

BIS Paper on Effect of Securities Lending on OTC Market Liquidity

BIS published a working paper that studies how securities lending affects over-the-counter market (OTC) liquidity.

February 19, 2019 WebPage Regulatory News
News

US Agencies Extend Consultation Period for the Proposed SA-CCR

US Agencies (FDIC, FED, and OCC) extended the comment period for a proposed rule to update their standards for how firms measure counterparty credit risk posed by derivative contracts.

February 18, 2019 WebPage Regulatory News
News

FED Extends Consultation Period for Stress Testing Rule

FED has published in the Federal Register a notice proposing amendments to the company run and supervisory stress test rules.

February 15, 2019 WebPage Regulatory News
News

EBA Single Rulebook Q&A: Third Update for February 2019

EBA published answers to two questions under the Single Rulebook question and answer (Q&A) updates for this week.

February 15, 2019 WebPage Regulatory News
News

SEC Proposes Rule on Risk Mitigation Techniques for Uncleared SBS

SEC proposed a rule that would require the application of specific risk-mitigation techniques to portfolios of security-based swaps (SBS) that are not submitted for clearing.

February 15, 2019 WebPage Regulatory News
RESULTS 1 - 10 OF 2623