FSB resolution paper due in ‘next few weeks’, says BoE’s Tucker

paul-tucker

Paul Tucker, deputy governor of the Bank of England and chair of the G-20 Financial Stability Board's steering group on resolution, said a consultative paper on resolution planning will be released "in the next few weeks", despite many jurisdictions failing to provide clear legislation in this area.

The FSB aims to introduce new banking rules that would ensure public money is never required to provide solvency support for financial institutions in the future, regardless of their size and complex

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