The Key Attributes are the international standard on resolution regimes, and form a key component of the FSB’s policy framework to address the risks associated with institutions that are too-big-to-fail.
The peer review will cover resolution planning for all domestically incorporated banks in FSB member jurisdictions that could be systemically significant or critical if they fail, i.e. global systemically important banks (G-SIBs), domestic systemically important banks (D-SIBs) and any other banks that could be systemic in failure and that are included in resolution planning at a jurisdictional level. Given that FSB work in recent years has been primarily focussed on resolution planning for G-SIBs, the review will focus in particular on banks other than G-SIBs and will explore the extent to which, and how, expectations set out in FSB guidance are applied to these institutions.
The Summary Terms of Reference provide more details on the objectives, scope and process for this review. A questionnaire to collect information from national authorities has been distributed to FSB members. The responses will be analysed and discussed by the FSB later this year. The peer review report will be published in the first half of 2019.
As part of this peer review, the FSB invites feedback from financial institutions, industry and consumer associations plus other stakeholders on the aspects of bank resolution planning covered by the peer review. This could include comments on:
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the adequacy and nature of requirements and practices for resolution planning in FSB jurisdictions, including proportionality considerations for different types of banks;
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the nature and scope of guidance by authorities in relation to resolution planning;
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experiences and challenges from the development of resolution strategies and plans, including in a cross-border context;
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the adequacy of public disclosures on bank resolution planning; and
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experiences and challenges in addressing barriers to resolvability, and implications for resolution planning.
Feedback should be submitted by 4 July 2018.
Full press release
Peer review document
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