10 Years of the FSB Key Attributes of Effective Resolution Regimes for Financial Institutions

A virtual event commemorating the 10th anniversary of the FSB Key Attributes, jointly organised by the FSB and the FSI, 7 December 2021.

On 7 December 2021, the Financial Stability Board (FSB) and the Financial Stability Institute (FSI) of the BIS hosted a virtual event to assess the achievements of the Key Attributes of Effective Resolution Regimes 10 years on. 

The Key Attributes were adopted by the FSB in October 2011 as part of the package of policy measures developed following the Great Financial Crisis to address the problem of financial institutions that are "too big to fail". 

The current and former chairs of the FSB Resolution Steering Group – Mark Branson, Elke König, Jelena McWilliams and Paul Tucker – discussed the progress made towards ensuring that systemic firms can be resolved without loss to taxpayers and the challenges that remain. The event opened with a keynote address by Klaas Knot, Chair of the FSB and President of De Nederlandsche Bank.