What is it about?
As well as attempting to highlight why much greater initiatives and efforts are required in relation to exit mechanisms for failing banks – that is, greater initiatives and efforts than prudential aspects of regulation which embrace capital adequacy procedures, this paper also draws attention to vital steps that could be taken at international level to make cross-border resolutions more effective.
Featured Image
Why is it important?
In October 2010, having drawn crucial lessons fom the Financial Crisis which was triggered in 2007, and whose impact was still evident at the time, the Financial Stability Board Recommendations on systemically important financial institutions "called for an assessment, on the basis of the BCBS Recommendations and the draft FSB Key Attributes of Effective Resolution Regimes (FSB Key Attributes), of national authorities’ capacity to resolve SIFIs under existing resolution regimes and of the legislative and other changes to national resolution regimes and policies needed to accomplish effective resolution."
Perspectives
Read the Original
This page is a summary of: The Need for Revised Resolution Regimes and Supervisory Arrangements, SSRN Electronic Journal, January 2011, Elsevier,
DOI: 10.2139/ssrn.1932785.
You can read the full text:
Resources
Contributors
The following have contributed to this page