The Financial Stability Board (FSB) has published its methodology for assessing the implementation of the key attributes of effective resolution regimes for financial institutions in the banking sector. The purpose of the methodology is to guide the assessment of a jurisdiction’s compliance with the key attributes and promote consistent assessments across jurisdictions. The methodology is intended for use in the following:
- assessments performed by authorities of existing resolution regimes of their jurisdiction and or any reforms to those regimes that implement the key attributes;
- peer reviews of resolution regimes conducted within the FSB framework for implementation monitoring by member jurisdictions; and
- International Monetary Fund and World Bank assessments of resolution regimes, for example in the context of the Financial Sector Assessment Program and the Report on the Observance of Standards and Codes.
View FSB methodology for assessing implementation of key attributes of effective resolution regimes in banking sector, 19 October 2016