The Financial Stability Board (FSB) launched a public consultation (to run until 2 August 2019) on two discussion papers (DPs) that consider measures to improve resolution for global systemically important banks (G-SIBs). The first DP explores how general and firm-specific public disclosures on resolution planning and resolvability could be further enhanced, focusing mainly on disclosures of resolution planning for G-SIBs (although much is also relevant for domestic systemically important banks (D-SIBs) and other firms subject to a resolution-planning requirement). The second DP, on measures to ensure the effective operationalisation of a solvent wind-down of derivatives portfolios as part of a recovery or resolution measure, sets out considerations to avoid a disorderly close-out of G-SIBS’ potentially large derivate and trading portfolios, which may include illiquid or exotic positions.

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