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FSB issues statement on resolution planning and loss-absorbing capacity for banks systemic in failure

Published on: 13 November 2024
Published by LNB News

LNB News 13/11/2024

Document Information

Issue Date: 13 November 2024

Published Date: 13 November 2024

Jurisdiction(s): Eire and World

Article summary

The Financial Stability Board (FSB) has issued a public statement underscoring the importance of resolution planning and loss-absorbing capacity (LAC) for banks that may be systemically significant or critical if they fail. The FSB urges authorities to assess which banks fall into this category and ensure they are prepared for resolution.

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