FSB says ‘significant work’ still needed on cross-border resolution

The Bank for International Settlements, Basel
Photo: Ulrich Roth

Ten years on from the start of the global financial crisis, “significant work” is still needed to address gaps in cross-border resolution frameworks, the Financial Stability Board (FSB) warned on July 6.

In the latest of a string of documents published ahead of the weekend’s G20 meetings, the FSB said “obstacles” to cross-border resolution persist as regulators still need to finish co-operation agreements, including better information sharing, and promote “broad adherence” to protocols on

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