Crisis management and contingency planning

382 records

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Designing and Implementing a Systematic Financial Crisis Management Simulation

TC note provides useful background for jurisdictions that may be interested in organizing a SWFCMS

Toronto Centre Note provides background on the design and implementation of bespoke system-wide financial crisis management simulations (SWFCMS) intended to test system-wide responses to financial sector crises.

Publisher: Toronto Centre Release date: Mar 2020

Type: TC Notes

Peer: Crisis Binder: An Essential Tool for Crisis Preparedness

Topics: Crisis management and contingency planning

Sectors: Banking, Insurance, Microfinance, Microinsurance, Pensions, Securities

Managing Systemic Banking Crises

IMFpaper sets out new lessons and lessons relearned

International Monetary Fund report updates its work on general principles, strategies, and techniques from an operational perspective in preparing for and managing systemic banking crises in light of the experiences and challenges faced during and since the global financial crisis.

Publisher: International Organizations Release date: Feb 2020

Type: Consultative, discussion and issues paper

Topics: Systemic risk, Crisis management and contingency planning

Sectors: Banking

Cross-border Resolution Cooperation and Information Sharing

FSI overview of home and host authority experience

Financial Stability Institute paper examines cross-border cooperation and information-sharing arrangements for G-SIBs and other systemic banks with a particular focus on arrangements other than CMGs. The study finds that there has been some progress in establishing a range of arrangements, but there are also instances where the information needs of host authorities on resolution planning continue to be unmet.

Publisher: International Organizations Release date: Jan 2020

Type: Consultative, discussion and issues paper

Topics: Cross-border cooperation, Recovery and resolution, Crisis management and contingency planning

Sectors: Banking

Crisis Binder: An Essential Tool for Crisis Preparedness

TC Note discusses the importance of a crisis binder and how to prepare one

Toronto Centre Note discusses: i) what is a crisis binder; ii) importance of having a crisis binder; iii) what makes a crisis binder useful; iv) preparing a crisis binder; and v) content of a crisis binder.

Publisher: Toronto Centre Release date: Oct 2019

Type: TC Notes

Peer: Designing and Implementing a Systematic Financial Crisis Management Simulation

Topics: Crisis management and contingency planning, Implementing change

Sectors: Banking, Insurance, Microfinance, Microinsurance, Pensions, Securities

Principles on Bail-in Execution

FSB guidance on operationalizing bail-in as a resolution tool

Financial Stability Board guidance to assist authorities as they develop bail-in resolution strategies and make resolution plans operational by defining principles to operationalize the use of bail-in as a resolution tool. Addresses actions and processes required to: i) identify the instruments and liabilities within the scope of bail-in; ii) conduct valuations to inform and support the application of bail-in; iii) develop a bail-in process that meets applicable securities laws and exchange requirements; iv) transfer governance and control rights to new owners and obtain the required regulatory approvals and authorizations; and v) communicate effectively at all stages of the bail-in transaction with affected parties and the market. While developed in the context of global systemically important banks (G-SIBs), principles are generally relevant to resolution of domestic systemically important banks (D-SIBs) as well.

Publisher: Global Standard-Setting Bodies Release date: Jun 2018

Type: Guideline

Parent: Key Attributes of Effective Resolution Regimes for Financial Institutions

Peer: Guiding Principles on the Internal Total Loss-Absorbing Capacity of G-SIBs

Topics: Recovery and resolution, Crisis management and contingency planning, Systemically important financial institutions (SIFIs)

Sectors: Banking

Funding Strategy Elements of an Implementable Resolution Plan

FSB guidance on plan for funding in resolution

Financial Stability Board consultation sets out key funding strategy elements to support the orderly resolution of global systemically important banks (G-SIBs). Covers: i) firm capabilities to support monitoring, reporting and estimating funding needs in resolution and to facilitate execution of the funding strategy; ii) development of a resolution funding plan by the authorities; iii) use of firm assets and private sources of funding; iv) access to temporary public sector backstop funding mechanisms and ordinary central bank facilities; and v) information sharing and coordination between authorities. Generally relevant to resolution of domestically systemically important banks as well.

Publisher: Global Standard-Setting Bodies Release date: Jun 2018

Type: Guideline

Parent: Key Attributes of Effective Resolution Regimes for Financial Institutions, Guiding Principles on the Temporary Funding Needed to Support the Orderly Resolution of a G-SIB

Topics: Recovery and resolution, Liquidity risk and rules, Systemically important financial institutions (SIFIs), Crisis management and contingency planning

Sectors: Banking

Key Attributes Assessment Methodology for the Insurance Sector

FSB methodology for assessing the implementation of the Key Attributes for Effective Resolution Regimes in the insurance sector

Financial Stability Board consultation sets out proposed methodology for assessing implementation of the Key Attributes of Effective Resolution Regimes for Financial Institutions in the insurance sector. Sets out essential criteria to guide assessment of adherence of a jurisdiction's insurance resolution frameworks with the Key Attributes. Promotes consistent assessments across jurisdictions and provides guidance when adopting or reforming insurance resolution options. Will also be used by the International Monetary Fund and the World Bank as part of their financial sector assessments.

Publisher: Global Standard-Setting Bodies Release date: Dec 2017

Type: Consultative, discussion and issues paper

Parent: Key Attributes of Effective Resolution Regimes for Financial Institutions

Topics: Recovery and resolution, Crisis management and contingency planning, Cross-border cooperation, Systemically important financial institutions (SIFIs)

Sectors: Insurance

Deadline for comments: Feb 2018

Framework Cooperation Agreement on Banking Resolution

EU-US arrangement on bank crisis management and resolution

European Banking Authority Framework Cooperation Agreement with several US financial regulatory agencies lays out the basis for cooperation on bank crisis management and resolution between any of the EU supervisory or resolution authorities and any of the participating US agencies. The participating US agencies are the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, the Securities and Exchange Commission, and the New York State Department of Financial Services.

Publisher: Regional Standard-Setting Bodies Release date: Sep 2017 Country: United States

Type: Law, Regulation and Policy

Parent: Bank Recovery and Resolution Directive (BRRD)

Topics: Crisis management and contingency planning, Cross-border cooperation, Recovery and resolution

Sectors: Banking

20 Years After the Asian Financial Crisis

ADB conference report sets out lessons learned and future challenges

Asian Development Bank conference report discusses and identifies policy options for regional cooperation that safeguard financial stability and promote financial resilience.

Publisher: International Organizations Release date: Sep 2017

Type: Consultative, discussion and issues paper

Topics: Crisis management and contingency planning, Macroprudential, Systemic risk, Recovery and resolution, Deposit insurance

Sectors: Banking, Securities

MAS' Approach to Resolution of Financial Institutions in Singapore

MAS monograph sets out its role as a resolution authority and its approach to resolving financial institutions under its jurisdiction

Monetary Authority of Singapore monograph sets out its approach for operationalizing the enhanced resolution framework in the Monetary Authority of Singapore (Amendment) Act 2017, which reflects implementation of the Financial Stability Board's Key Attributes. Sets out: i) MAS's crisis management framework; ii) objectives of resolution; iii) MAS' resolution regime and its role as a resolution authority; iv) purpose of recovery and resolution planning; v) MAS's resolution toolkit, including circumstances under which MAS will exercise these powers; vi) MAS' approach toward financial market infrastructures; vii) resolution funding and creditor compensation frameworks; and viii) MAS' involvement in cross-border cooperation.

Publisher: National Regulators Release date: Aug 2017 Country: Singapore

Type: Implementation

Parent: Key Attributes of Effective Resolution Regimes for Financial Institutions

Topics: Recovery and resolution, Cross-border cooperation, Crisis management and contingency planning, Financial market infrastructure

Sectors: Banking

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Resources

382 records

Designing and Implementing a Systematic Financial Crisis Management Simulation

Managing Systemic Banking Crises

Cross-border Resolution Cooperation and Information Sharing

Crisis Binder: An Essential Tool for Crisis Preparedness

Principles on Bail-in Execution

Funding Strategy Elements of an Implementable Resolution Plan

Key Attributes Assessment Methodology for the Insurance Sector

Framework Cooperation Agreement on Banking Resolution

20 Years After the Asian Financial Crisis

MAS' Approach to Resolution of Financial Institutions in Singapore

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