FSB says ‘substantial’ work needed on bank resolution regimes
Financial Stability Board monitoring exercise finds only four jurisdictions have resolution regimes in line with its Key Attributes; India among those lagging behind on legislative amendments
Only a few of the Financial Stability Board (FSB) member jurisdictions have resolution regimes in place that are fully compliant with the ‘Key Attributes' on the resolution of failing banks.
In a report to the G-20, published on November 12, the FSB said "good progress" had been made in resolution planning, but "material" legal, operational and financial barriers remained across its 24-member jurisdictions.
At the time of the FSB's monitoring exercise in June and July, only Japan, Spain
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