Financial Stability Board—effective resolution regimes and policies
Financial Stability Board—effective resolution regimes and policies

The following Financial Services guidance note provides comprehensive and up to date legal information covering:

  • Financial Stability Board—effective resolution regimes and policies
  • Working towards effective resolution regimes for financial institutions
  • Application of the Key Attributes to non-bank insitutions
  • Assessment methodology for the Key Attributes
  • Implementation monitoring of the Key Attributes

The Financial Stability Board (FSB) was established to co-ordinate elements of international work towards the implementation of effective regulatory, supervisory and other financial sector policies. As part of its mandate, the FSB assesses weaknesses in the global financial system and devises the regulatory and supervisory actions needed to address them. The FSB is putting forward a range of measures to close any gaps in national and regional regulatory structures. Creating an effective regime to allow for orderly recovery and resolution of failing internationally active financial services firms is a vital element of its work to improve financial stability in the long term. For further information on the role and responsibility of the FSB, see Practice Note: Financial Stability Board.

Working towards effective resolution regimes for financial institutions

The FSB released its first Key Attributes of Effective Resolution Regimes for Financial Institutions (Key Attributes) in October 2011. The Key Attributes were endorsed by the G20 leaders in November 2011 as the international standard for resolution regimes. In line with the FSB's role, the Key Attributes constitute an 'umbrella' standard as a point of reference for reforms of national resolution regimes. They are designed to allow for continuity of vital economic functions without bail-out. The Key Attributes lay out twelve essential features that national authorities should include in their resolution regimes. They