Financial Stability Board

The work of the FSB in the area of crisis preparation and crisis management results in policy papers (Key Attributes), whereby the “FSB Key Attributes of Effective Resolution Regimes for Financial Institutions” are particularly relevant in the TBTF area. They are the international standard, particularly in the banking sector, for resolution regimes and form the basis for the legal foundations. 

The resolvability of global systemically important banks is assessed in accordance with the international standards of the FSB. In accordance with the legal requirements, FINMA carries out this assessment annually and reports to the FSB on the status of resolvability as part of its Resolvability Assessment Process. 

The FSB monitors international work in the area of recovery and resolution on an ongoing basis and reports regularly to the public. These tasks are performed by the FSB Resolution Steering Group (ReSG) and its sub-groups, such as the Cross-Border Crisis Management (CBCM) groups for banks, insurance companies and financial market infrastructures. FINMA is represented on these committees.