Progress toward resolvability to address TBTF problem:10-year milestone since "Key Attributes"

Financial System and Bank Examination Department, Supervision Bureau and Research and International Affairs Department
Additional contact information
Financial System and Bank Examination Department: Bank of Japan
Supervision Bureau: Financial Services Agency
Research and International Affairs Department: Deposit Insurance Corporation of Japan

No 22-E-3, Bank of Japan Review Series from Bank of Japan

Abstract: The Global Financial Crisis once again highlighted the "too big to fail" problem for systemically important financial institutions, and regulatory reforms since then have been implemented to address the issue. In this report, we focus on the resolution of global systemically important banks (G-SIBs) and highlight the progress since 2011, when the Financial Stability Board (FSB) set out the key elements of effective resolution regimes ("Key Attributes"). Over the past decade, the financial authorities in Japan and Japanese G-SIBs have cooperated to develop public regimes in Japan, build the internal framework in G-SIBs toward resolvability, and ensure effectiveness of the regimes. It is important to prepare for the next potential financial crisis when the financial system is stable, and the financial authorities in Japan will continue to make steady progress on this issue.

Date: 2022-06-22
New Economics Papers: this item is included in nep-ban
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.boj.or.jp/en/research/wps_rev/rev_2022/data/rev22e03.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:boj:bojrev:rev22e03

Access Statistics for this paper

More papers in Bank of Japan Review Series from Bank of Japan Contact information at EDIRC.
Bibliographic data for series maintained by Bank of Japan ().