FSB issues draft guidance on CCP resolution
Regulators’ powers should include “bail-in” and “full tear-ups”, FSB recommends
The Financial Stability Board published a draft document today (February 1) on how financial regulators should approach resolution and resolution planning for failed central counterparties (CCPs).
It is "vital that CCPs do not themselves become a new source of 'too-big-to-fail' risk", the FSB says in a statement. The FSB opened a public consultation on the draft guidelines, asking for all responses to be submitted by March 13.
"The failure of a CCP would have a significant impact on financial
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