Too-big-to-fail resolution regimes found wanting

There are big gaps in countries’ plans for winding down failed financial institutions, according to the Financial Stability Board (FSB).

The international standard-setting body, composed of representatives from 24 jurisdictions, wrote that “substantial work remains” in developing resolution regimes that are fit for purpose. 

Fourteen of the 24 member countries lack the power to enforce a bail-in of a collapsed bank by its bondholders. Nine have not implemented laws allowing them to impose a

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