FSB says ‘significant work’ still needed on cross-border resolution
Elke König urges regulators not to lose “reform momentum”
Ten years on from the start of the global financial crisis, “significant work” is still needed to address gaps in cross-border resolution frameworks, the Financial Stability Board (FSB) warned on July 6.
In the latest of a string of documents published ahead of the weekend’s G20 meetings, the FSB said “obstacles” to cross-border resolution persist as regulators still need to finish co-operation agreements, including better information sharing, and promote “broad adherence” to protocols on
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