Final FSB report warns ‘gaps’ remain in resolution framework
Study highlights “progress” but also shows “more can be done”, says Claudia Buch
The Financial Stability Board’s final report on too-big-to-fail (TBTF) reforms finds improved resolution frameworks have cut systemic risk, but “gaps” still need to be fixed.
The TBTF reforms encompass measures such as resolution planning and higher total loss-absorbing capacity (TLAC) implemented in the wake of the global financial crisis. The report, published on March 31, “suggests that reforms have reduced systemic risks, enhanced the credibility of resolution and market discipline, and
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