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Progress toward resolvability to address TBTF problem:10-year milestone since "Key Attributes"

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  • Financial System and Bank Examination Department

    (Bank of Japan)

  • Supervision Bureau

    (Financial Services Agency)

  • Research and International Affairs Department

    (Deposit Insurance Corporation of Japan)

Abstract

The Global Financial Crisis once again highlighted the "too big to fail" problem for systemically important financial institutions, and regulatory reforms since then have been implemented to address the issue. In this report, we focus on the resolution of global systemically important banks (G-SIBs) and highlight the progress since 2011, when the Financial Stability Board (FSB) set out the key elements of effective resolution regimes ("Key Attributes"). Over the past decade, the financial authorities in Japan and Japanese G-SIBs have cooperated to develop public regimes in Japan, build the internal framework in G-SIBs toward resolvability, and ensure effectiveness of the regimes. It is important to prepare for the next potential financial crisis when the financial system is stable, and the financial authorities in Japan will continue to make steady progress on this issue.

Suggested Citation

  • Financial System and Bank Examination Department & Supervision Bureau & Research and International Affairs Department, 2022. "Progress toward resolvability to address TBTF problem:10-year milestone since "Key Attributes"," Bank of Japan Review Series 22-E-3, Bank of Japan.
    • Handle: RePEc:boj:bojrev:rev22e03
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    File URL: https://www.boj.or.jp/en/research/wps_rev/rev_2022/data/rev22e03.pdf
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