EC and FDIC team up to tackle G-sifi resolution

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The European Commission (EC) and Federal Deposit Insurance Corporation (FDIC) have formed a joint working group to help co-ordinate global efforts to develop effective resolution schemes for globally systemically important financial institutions (G-sifis).

In a blog for the Harvard Law School, the FDIC chairman Martin Gruenberg said senior staff from the two organisations would "discuss resolution and deposit guarantee issues common to our respective jurisdictions".

The group will convene twice

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