March 19: Regulatory Risk - Basel Committee Issues Recommendations for Strengthening Cross-border Bank Resolution Frameworks
Location: Basel
Author:
Date: Friday, March 19, 2010
The resolution of a cross-border bank is a complex and multidimensional process and the financial crisis exposed gaps in intervention techniques and tools needed for an orderly resolution. Based on the lessons of the crisis and our analysis of national resolution frameworks, I believe that implementation of the Committee’s recommendations will help make meaningful progress toward addressing systemic risk and the too-big-to-fail problem.
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