Too-big-to-fail resolution regimes found wanting
Fourteen of 24 member countries do not have bail-in powers
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
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