The Financial Stability Board has published a statement summarizing the feedback it received to its June 2019 consultation on the solvent wind-down of derivatives and trading portfolios. The consultation sought feedback on a series of questions regarding existing wind-down practices that may be used as a recovery option for global systemically important institutions that find themselves under stress. The FSB intended to consider publishing guidance on solvent wind-down planning depending on the responses elicited by the consultation. On the basis of the responses received, the FSB has decided not to develop further guidance. Respondents’ views were that such planning should be consistent with national regulators’ resolution strategies and plans.
Key responses included:
Feedback on the FSB’s June 2019 consultation on the public disclosure of resolution planning and resolvability, which was alongside the FSB’s solvent wind-down consultation, was also published today.
View the FSB's summary of feedback on its Solvent Wind-down consultation.
View details of the FSB’s summary of feedback on its Public Disclosures on Resolution Planning and Resolvability consultation.
View details of the FSB’s consultation on Solvent Wind-down of Derivatives and Trading Portfolios.
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