Resolution and RecoveryRSS
Robin Deutsch

FSB looking to harmonise resolution of G-SIB derivatives portfolios

Starting with a consultation and discussion paper, the FSB appears to be attempting to harmonise regulatory regimes across jurisdictions for the solvent and orderly wind-down of a derivatives portfolio of a failing G-SIB. By Justin Pugsley.

FSB consults on winding down failing G-SIBs

Transparency and cross border regulatory cooperation are important aspects for the orderly resolution of a failing globally systemically important bank (G-SIB) the Financial Stability Board [FSB] said in a paper and consultation.

European Parliament wants Italy’s bank shareholder rescue scheme blocked

European Parliamentarians are urging the European Commission to block a plan by Italy’s government to automatically compensate retail shareholders and bondholders in banks that fail as they see it going against EU bank bail-out rules.

Regulators propose easing living will requirements for smaller banks

US Federal prudential regulators are consulting on easing requirements for smaller banks that pose less risk with their living wills to be submitted every three years instead of on a two year basis.

Regulators pass resolution plans of 14 large domestic banks

The 2017 resolution plans submitted by 14 large domestic US banks did not reveal any deficiencies, according to US prudential regulators, and 2019 plans should only include material changes from their previous plans and updated financial statements.

Pentti Hakkarainen

Concern lingers that eurozone may not be ready for another crisis

With a possible recession on the horizon, Europe’s banks are in a stronger position than they were in the run-up to the 2007-9 global financial crisis. Nonetheless, there are still worries about too many weak banks, doubts over stress tests and the failure to complete Europe’s banking union. By Farah Khalique.

ECB places Italy’s Banca Carige into temporary administration

ECB places small Italian bank into temporary administration after it fails to gain shareholder support for a recapitalisation.

Bill Stenning

Dealers versus clearers: a battle of living wills

A recent consultation by the Financial Stability Board has further highlighted a deep schism in the industry over the procedures for resolving a failing clearing house

Four foreign banks’ resolution plans deemed to have weaknesses

The Fed and FDIC have judged the resolution plans of four foreign banks operating in the US as having weaknesses, but that they are not glaring enough to warrant extra prudential measures

FSB says most jurisdictions hosting G-SIBs have resolution regimes

The FSB said that most jurisdictions hosting too-big-to fail banks largely have resolution regimes in place for them, but is concerned that more work needs to be done on the resolvability of clearing houses and insurers