The Financial Stability Board (FSB)’s invite for comment on the effective resolution of Systemically Important Financial Institutions (SIFI) will expire on Sept 2. In July, the agency had published the consultative document to seek opinions from affected financial institutions in dealing with the termination of their business activities in the event of bankruptcy.
As outlined in the document, the FSB seeks to address the issue on resolution powers and tools, cross-border arrangements, planning for resolution, and removing obstacles to resolvability. The agency is also seeking comment on its preliminary views, which include:
