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Joint Paper on Resolving Globally Active, Systemically Important Financial Institutions
In a discussion paper published today, Bank of England and Financial Services Authority staff provide a detailed analysis of a range of macroprudential tools that the Financial Policy Committee (FPC) discussed at its September The Federal Deposit Insurance Corporation (FDIC) in the United States and the Bank of England in the United Kingdom have today released a joint paper outlining resolution strategies for large and complex firms.meeting.
Published on
10 December 2012
This paper focuses on the application of “top-down” resolution strategies that involve a single resolution authority applying its powers to the top of a financial group, that is, at the parent company level. The paper discusses how such a top-down strategy could be implemented for a U.S. or a U.K. financial group in a cross-border context.
Joint paper