Global Banking Watchdog Issues Crisis Planning Guidance

Law360, New York (November 2, 2012, 6:59 PM EDT) -- The Financial Stability Board on Friday unveiled guidance for the development of required recovery and resolution plans for systemically important financial institutions, including how to conduct appropriate stress tests and how to develop strategies to resolve a financial crisis.

The FSB, which represents national banks and reports the progress of financial regulatory reforms to the G-20, said the guidance will help regulators implement recovery and resolution planning requirements for SIFIs, which were mandated at the G-20 Cannes Summit in November 2011.

“Alongside strengthened resolution regimes, recovery...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.