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Basel III Monthly - Understanding the importance of Resolution Regimes, Peer Review

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Synopsis

Welcome to the monthly newsletter of the Basel iii Compliance Professionals Association (BiiiCPA).  Today we will start with some interesting developments, and we will try to undrstand better the importance of Resolution Regimes and Peer Review.  Financial Stability Board (FSB) member jurisdictions have committed to undergo periodic peer reviews.  To fulfil this responsibility, the FSB has established a regular programme of country and thematic peer reviews of its member jurisdictions.  Thematic reviews focus on the implementation and effectiveness across the FSB membership of international financial standards, developed by standard-setting bodies and policies agreed within the FSB, in a particular area important for global financial stability.  Thematic reviews may also analyse other areas important for global financial stability where international standards or policies do not yet exist.  The objectives of the reviews are to encourage consistent cross-country and cross-sector i