CIAO DATE: 12/2014
November 2014
Centre for International Governance Innovation
This paper is a response to the call for comments from the Financial Stability Board’s Consultative Document, “Cross-Border Recognition of Resolution Action” released on September 29, 2014. These comments focus on question 3 and question 4 of the consultative document. The comments regarding question 3 examine the appropriate design and implementation of resolution procedures for global systemically important financial institutions, and question 4 examines resolution regimes based on contractual approaches.
Resource link: Comments on the September 29, 2014 FSB Consultative Document, "Cross-Border Recognition of Resolution Action" [PDF] - 353K