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Part IV The International Dimension: New Challenges, 14 The Last Frontier

Eva H.G. Hüpkes

From: Financial Regulation and Supervision: A post-crisis analysis

Edited By: Eddy Wymeersch, Klaus J Hopt, Guido Ferrarini

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2022. All Rights Reserved.date: 18 August 2022

Subject(s):
Banks and cross-border issues — Financial Stability Board (FSB)
14.01 The purpose of this chapter is to explore how critical cross-border functions performed by financial institutions with complex legal structures and operations in multiple jurisdictions could be preserved in a world where resolution regimes are essentially territorial in nature. It builds on earlier work that stresses the importance of preserving critical functions performed by financial institutions.1 Thanks to the crisis, a number of key jurisdictions now have in place special resolution regimes to resolve failing financial institutions operating within...
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