IIF: cross-border resolution regime an ‘absolute priority’
The Institute of International Finance (IIF), a global trade body for the banking industry, on Monday called on the Group of 20 (G-20) to establish a task force to build a cross-border resolution regime.
Charles Dallara, the managing director of the IIF, said: "The Financial Stability Board (FSB) will need the strong pubic commitment of the G-20 to secure [the measures needed for cross-border resolution] and take the lead in building a framework."
He added: "To assist this process we are
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