US And UK Authorities Discuss Resolution Issues For G-SIBs

Author:Shearman & Sterling LLP
Profession:Shearman & Sterling LLP

On October 13, 2014, HM Treasury published a press release confirming that the heads of US and UK Treasuries and financial regulatory bodies had met to discuss cooperation and information sharing in the event of the failure and resolution of a global systemically important bank ("G-SIB"). The meeting sought further understanding about the resolution regimes in the US and UK, in particular which aspects would require coordination between the regulators as well as any obstacles that there might be to resolution.

The press release...

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