Do Better On Resolution Plans, Watchdog Tells Smaller Banks
Law360, London (April 29, 2019, 4:29 PM BST) -- Smaller banks around the globe must draw up more detailed plans for an orderly resolution if they suffer financial hardship, an international standards setter said on Monday after it scrutinized lenders in 16 countries.
The Financial Stability Board, a forum of central bankers from across the world, said it will help national regulators and small banks to create appropriate resolution planning frameworks. It is a vital part of FSB policy to monitor the health of institutions whose failure could harm their country’s financial health.
Resolution plans drawn up by smaller institutions that, despite their size, are critical to the health of...
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