Regulators to present living wills proposals to G-20

contract

Regulators in Europe and North America are analysing the results of pilot bank recovery and resolution plans – also known as living wills – with the aim of presenting concrete proposals to politicians at the Group of 20 (G-20) meeting on November 11–12 in Seoul.

“Alongside Basel III, we understand a paper will be put to the G-20 in November that will include recommendations on bank recovery and resolution. Regulators will then be expected to implement this – although trying to roll this out on a