Clearer guidelines needed for crisis co-operation – FSI report
BIS institute publishes findings from exercise simulating bank failure in Latin America
Financial authorities should have clearer guidelines on how to co-operate with their counterparts in other countries during a banking crisis, the Financial Stability Institute (FSI) has said.
The institute, part of the Bank for International Settlements (BIS), conducted a cross-border crisis simulation exercise with authorities including central banks, supervisory bodies and deposit insurers from seven Latin American countries. Costa Rica, the Dominican Republic, Ecuador, Guatemala, Honduras
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