On Tuesday 7 December, the Financial Stability Board (FSB) and the Financial Stability Institute (FSI) of the Bank for International Settlements (BIS) hosted a virtual event to assess the achievements of the FSB’s Key Attributes of Effective Resolution Regimes for Financial Institutions, 10 years on.
The Key Attributes were adopted by the FSB in October 2011 as part of the package of policy measures developed following the Global Financial Crisis to address the problem of financial institutions that are “too big to fail”.
The current and former chairs of the FSB Resolution Steering Group – Jelena McWilliams, Mark Branson, Elke König, and Paul Tucker – will discuss the progress made towards ensuring that systemic firms can be resolved in an orderly manner without loss to taxpayers and the challenges that remain. The event will open with a keynote address by Klaas Knot, incoming Chair of the FSB and President of De Netherlandsche Bank.