The Financial Stability Board has published a statement summarizing the feedback it received to its June 2019 consultation on firms’ public disclosures on resolution planning and resolvability. The consultation sought feedback on a series of questions regarding general and firm-specific disclosures made by systemically important banks and other firms subject to resolution planning requirements. In launching the consultation, the FSB was considering publishing guidance on public disclosures on resolution planning and resolvability, depending on the responses elicited by the consultation. On the basis of the responses received, however, the FSB has decided not to develop further guidance at this stage and will reconsider whether further guidance is required in 2022.
Key responses included:
Feedback on the FSB’s June 2019 consultation on the solvent wind-down of derivatives and trading portfolios, which was alongside the FSB’s public disclosures on resolution planning consultation, was also published today.
View the feedback statement.
View details of the FSB’s summary of feedback on its Solvent Wind-Down consultation.
View details of the FSB’s consultation on Public Disclosures on Resolution Planning and Resolvability.
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