On 15 November 2018, the Financial Stability Board (FSB) published its seventh progress report on the implementation of resolution reforms (the Report). The Report provides an overview of the progress in implementing the FSB’s resolution policies in the banking (Section I) and insurance (Section II) sectors and for CCPs (Section III).
Section IV sets out the FSB’s plan for monitoring the implementation of reforms. Upcoming FSB activities include a thematic peer review on bank resolution planning in H1 2019, and an evaluation of the effects of ‘too big to fail’ reforms, which is expected to be completed by end 2020. Section V contains a high level summary table of upcoming actions relating to the aforementioned sections. This includes status reports on the implementation of the guidance on bail-in execution in mid-2019, and the finalisation of regulations to conform with the ISDA Resolution Stay Protocol for FSB members, in 2019.