Cross-border resolutions: FDIC and Bank of England release white paper
On 10 December 2012, the Federal Deposit Insurance Corporation and the Bank of England released a white paper, ‘Resolving Globally Active, Systemically Important, Financial Institutions’, describing how each would resolve a materially distressed or failing financial institution that is globally active and systemically important in order to maintain its ongoing and viable operations, and contain any threats to financial stability.
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