Regulators to present living wills proposals to G-20
Banks asked to draw up blueprints for resolution as part of a pilot scheme
Regulators in Europe and North America are analysing the results of pilot bank recovery and resolution plans – also known as living wills – with the aim of presenting concrete proposals to politicians at the Group of 20 (G-20) meeting on November 11–12 in Seoul.
“Alongside Basel III, we understand a paper will be put to the G-20 in November that will include recommendations on bank recovery and resolution. Regulators will then be expected to implement this – although trying to roll this out on a
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