Lack of co-ordination of bank resolution regimes behind subsidiarisation push
Asia still behind on global rules forcing subsidiarisation of foreign banks in the region
Asian G-20 member countries have significant ground to cover before being compliant with the global bank resolution regime set out by the Financial Stability Board (FSB), according to a study released jointly by the Asia Securities Industry & Financial Markets Association (Asifma), an industry body, and law firm Clifford Chance on May 13.
The FSB released its Key Attributes of Effective Resolution
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