FSB review finds bank resolution regimes 'lack important powers'
The Financial Stability Board (FSB), the Basel-based body that co-ordinates international efforts on promoting financial regulation and stability, this week said legislative action is needed in a number of countries to bring bank resolution regimes up to scratch.
The FSB yesterday published a peer review report into the progress made in implementing the key attributes for effective resolution regimes for financial institutions, which were established by the FSB in 2011 and endorsed by the
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