2023 Bank Failures: Preliminary lessons learnt for resolution

The Financial Stability Board (FSB) published on the 10th of October a review of the 2023 bank failures and an assessment of potential implications for the operation of the international resolution framework as set out in the FSB’s Key Attributes of Effective Resolution Regimes for Financial Institutions. The report identifies preliminary lessons learnt for the Key Attributes’ framework for resolving G-SIBs and other systemically important banks, drawing on an analysis of the Credit Suisse case and the recent bank failures in the United States.

In this alert, you will read more about the key takeaways and their conclusions.