Paul Tucker has spoken in his capacity as Chair of the Financial Stability Board’s (FSB) Resolution Steering Group. He gave an update on work on bank resolution, looking at key resolution strategies. He concentrated on the top-down “bail in” approach and stressed one approach could not work for all banks and banking groups. He gave as an example what the components should be for a resolution of deposit-funded international commercial banking groups. He then looked at FSB’s work programme for 2012 and 2013. He said there will be a preliminary peer review against the FSB Standard and then more exacting examinations. (Source: Resolution: a Progress Report – Speech by Paul Tucker)