IIF publishes paper on end of too-big-to-fail: IIF has published a paper arguing that tools are now available to resolve the largest financial institutions and that problems of international co-operation are being overcome. Despite this, it believes that further work can be done and calls for:
- more constrained resolution frameworks, while preserving their flexibility, so that regulatory action is more predictable. In particular, IIF defends a harmonised approach to creditor rights;
- ensuring data privacy and confidentiality issues do not hinder exchange of information; and
- simulations and testing of recovery and resolution plans with home and host authorities.