Bank resolution plans across globe still beset by weaknesses, FSB official says

24 October 2019 9:36pm
Many banks’ preparations for their possible failure in a crisis are still plagued by shortcomings that could jeopardize a wounded firm’s ability to stay afloat, said Dietrich Domanski, the Financial Stability Board’s secretary general.

The FSB will report next month on holes in banks’ and regulators’ liquidity plans, division of responsibilities, and advance global placement of bail-in debt to cushion against the need for taxpayer rescues, he said.