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Financial Stability Board: FSB issues International Standard for Resolution Regimes

( November 4, 2011, 15:14 GMT | Official Statement) -- MLex Summary: The Financial Stability Board has issued an global standard for resolution regimes, recovery and resolution planning, which has been endorsed by the G20 leaders. The standard aims to conquer the 'too-big-to-fail' problem by resolving failing financial institutions in an orderly manner, and protect the taxpayer through mechanisms to share losses between shareholders and creditors in order of seniority.The press release follows below. The report on International Standard for Resolution Regimes is attached at bottom....

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