Politics won't get in the way of Sifi plans: FSB's Draghi

Financial Stability Board chairman Mario Draghi says resolution regimes for systemically important banks operating across borders need not be bogged down in political tensions


Politics need not complicate the establishment of an international resolution regime for systemically important financial institutions (Sifis) that operate on a global scale, Mario Draghi, the chairman of the Financial Stability Board (FSB), said Friday.

Speaking at a press conference in Seoul, Draghi, who is also the governor of the Bank of Italy, acknowledged that regulators faced a complex task in drafting the regimes. "Resolution regimes are a by-product of a broader set of legislations and

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