Abstract
The Financial Stability Board (FSB) is seeking comments on its Consultative Document on Effective Resolution of Systemically Important Financial Institutions. This consultative document contains a comprehensive package of proposed policy measures to improve the capacity of authorities to resolve SIFIs without systemic disruption and without exposing the taxpayer to the risk of loss, and a time line for their implementation. The Consultative Document consists of a cover note and eight closely interrelated annexes. Annexes 1-6 comprise proposed recommendations as set out below, while Annexes 7-8 comprise discussion notes reflecting preliminary FSB views: resolution powers and tools, cross-border arrangements, planning for resolution, and removing obstacles to resolvability.
The FSB invites comment and responses to the questions raised in the consultative document by Friday, 2 September 2011. Responses should be sent to [email protected].