FSB pub­lishes up­dates on G-SIBS

The Pak Banker - - Front Page -

BASEL

The FSB is re­leas­ing three doc­u­ments on lat­est steps in im­ple­ment­ing the FSB’s pol­icy frame­work for ad­dress­ing the sys­temic and moral haz­ard risks as­so­ci­ated with sys­tem­i­cally im­por­tant fi­nan­cial in­sti­tu­tions (SIFIs).

Up­date of group of global sys­tem­i­cally im­por­tant banks (G-SIBs)

An ini­tial group of G-SIBs was pub­lished in Novem­ber last year. This updated list of GSIBs is based on end-2011 data. This year, the G-SIBs are shown al­lo­cated to buck­ets cor­re­spond­ing to their re­quired level of ad­di­tional loss ab­sorbency.

Progress in re­form­ing na­tional res­o­lu­tion regimes and ad­vanc­ing re­cov­ery and res­o­lu­tion plan­ning for G-SIFIs is en­cour­ag­ing over­all. Get­ting the right leg­is­la­tion in place is es­sen­tial to coun­tries hav­ing the nec­es­sary pow­ers to ad­vance re­solv­abil­ity of G-SIFIs and the le­gal ca­pac­ity for cross-bor­der bor­der co-op­er­a­tion. Re­forms to align res­o­lu­tion regimes with the FSB’s Key At­tributes of Ef­fec­tive Res­o­lu­tion Regimes for Fi­nan­cial In­sti­tu­tion are not com­plete and still on­go­ing in sev­eral FSB ju­ris­dic­tions.

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