FSB warns gaps remain in resolution frameworks
The Financial Stability Board says progress on ensuring major firms are resolvable has been “uneven” and “gaps” remain in many areas.
The FSB describes progress to date on resolution as “remarkable” in its 2019 report on resolution frameworks. “However, progress is uneven across reform areas and sectors. Authorities and firms need to be mindful of any remaining gaps as they work towards making resolution strategies and plans operational.”
The Basel-based group highlights central counterparties
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