FSB has published a peer review report on resolution regimes. The review shows some jurisdictions have significantly reformed their regimes in the light of the financial crisis and others are still progressing their programmes. FSB feels that legislation is necessary to align all regimes with its “Key Attributes for Effective Resolution Regimes for Financial Institutions”. It is concerned many regulators still lack important powers and plans to issue further guidance later this year. (Source: FSB Publishes Resolution Plan Review)