Resolution and RecoveryRSS

FSB publishes final guidance on CCP resolution

The Financial Stability Board (FSB) has published its final guidance on the resolution of central counterparty clearing houses (CCP) and the treatment of their equity and lays out five steps for assessing the financial resources of a clearer. 

Andrea Enria

Can the ECB’s bad bank idea work?

The chair of the European Central Bank’s supervisory board, Andrea Enria, is pushing for a eurozone ‘bad bank’, but faces stiff opposition and scepticism from politicians and banking experts alike. By Farah Khalique

FSB encourages use of its cyber toolkit to help preserve financial stability

The Financial Stability Board (FSB) published on October 19 its ‘toolkit of effective practices for financial institutions’ cyber incident response and recovery’ and is encouraging supervisors and firms to use it to enhance their capabilities.

ECB ponders ‘bad bank’ for souring eurozone loans

The dire economic impact of the covid-19 pandemic on the eurozone has led to talks between the European Central Bank (ECB) and EU authorities over the setting up of a ‘bad bank’ to absorb the likely surge in non-performing loans

London Stock Exchange

Industry opinion split over FSB's CCP resolution proposals

The latest responses from a Financial Stability Board consultation reveal deep divisions within the financial sector over who should pay when a clearing house fails with big losses. By Justin Pugsley 

EU gets CCP resolution and recovery rules over the line

The EU framework governing the resolution and recovery of failed central counterparty clearing houses (CCP) has been agreed and provides member states with a harmonised risk management system.

Gaps remain on resolution planning in too-big-to-fail reforms, FSB warns

Though global systemically important banks are now much more resilient than they were a decade ago, improvements are still needed for the winding down of failing institutions, warned the Financial Stability Board (FSB) in a report.

Banks told to incorporate Covid-19 ‘lessons’ in their resolution planning

The 2021 resolution plans filed by the eight largest and most complex US banks will have to detail how they integrated lessons learned from the coronavirus pandemic on top of the usual core elements, two prudential regulators have said. 

Christian Lee

FSB throws CCP equity on the line in resolution consultation

The FSB has once again waded into the controversial debate over who pays when a clearing house goes under and in a consultation paper is looking at a range of options including the use of equity

FSB consults on CCP resources for resolution

The Financial Stability Board (FSB) is consulting on guidance around the adequacy of financial resources of central counterparty clearing houses (CCP) in the event of them failing and going into resolution.