Top UK and US officials join forces to enhance resolution
High level discussions seek to promote better cross-border resolution
Top UK and US central bankers and government officials have met in Washington, DC, in an effort to strengthen their approach to cross-border resolution.
Hosted by the Federal Deposit Insurance Corporation (FDIC), the "exercise" on Monday sought to lay the groundwork for transatlantic cooperation in the event a global systemically important bank (G-Sib) should collapse.
By agreeing necessary actions now, regulators hope future resolutions will go more smoothly. Attendees included the chiefs of
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