This guidance covers the development of a resolution funding plan for G-SIBs. It builds on the FSB’s August 2016 Guiding Principles on the temporary funding needed to support the orderly resolution of a global systemically important bank (G-SIB) and existing supervisory and resolution guidance on liquidity risk management and resolution planning. The guidance covers:
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firms’ capabilities to support monitoring, reporting and estimating funding needs in resolution and executing the funding strategy;
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the development of resolution funding plans by the authorities;
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reliance on firm assets and private funding as preferred sources of funding in resolution;
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access to temporary public sector backstop funding mechanisms and ordinary central bank facilities; and
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information sharing and coordination between authorities.
The FSB consulted on the guidance in November 2017 and this final version of the guidance incorporates changes to reflect the public feedback.