FSB is consulting on applying its Key Attributes of Effective Resolution Regimes for Financial Institutions (Key Attributes) to non-bank financial institutions (NBFI). It proposes incorporating three annexes into the Key Attributes, which would set out a methodology for applying the Key Attributes appropriately to:
- resolution of financial market infrastructures (FMI) and systemically important FMI participants;
- resolution of insurers; and
- client asset protection in resolution.
Consultation closes on 15 October. (Source: FSB Consults on NBFI Resolution)