Regulatory body fears the impact of a failing firm on outlying jurisdictions
The world’s top regulatory body has opened a
consultation on cross-border co-operation between countries
that are participating in formal crisis management groups and
those that have not taken that step.
The Financial Stability Board runs Crisis Management Groups
(CMG) for its regulatory members but has called for feedback
over how the failure of a large firm, known as a global
systemically important financial institution (G-SIFI), could
affect regulatory authorities not in these groups
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.