The objective of this standard is to ensure that global systemically important banks (G-SIBs) have the loss-absorbing and recapitalisation capacity necessary to help ensure that, in and immediately following a resolution, critical functions can be continued without taxpayers’ funds (public funds) or financial stability being put at risk.
Resolution/Crisis Management/Safety Nets
9 November 2015
The Guidance should assist jurisdictions in developing appropriate arrangements for ongoing communication, cooperation and information sharing with the relevant authorities in host jurisdictions that are not represented on Crisis Management Groups (CMGs).
3 November 2015
The Principles should assist jurisdictions in developing statutory frameworks and legal processes to enable prompt effect to be given to foreign resolution actions.