A key feature of a stable financial system is that financial institutions must be able to fail in an orderly manner – that is, without taxpayer exposure to loss from solvency support and without disruption to their critical economic functions. The Financial Stability Board (FSB), in close cooperation with the IMF and the World Bank and experts from FSB member authorities, have developed international standards for effective resolution regimes: The Key Attributes of Effective Resolution Regimes. 

Speakers at the workshop will include representatives from FSB member authorities who are members of the FSB Cross-border Crisis Management group for banks (CBCM) and work on recovery and resolution planning issues, representatives from the World Bank, FinSAC client countries and from the FSB Secretariat. 

The main objectives of the workshop are:

1. To analyse and discuss issues identified in the process of implementing effective resolution regimes in the region.
2. To discuss conditions for, and effects of, resolution strategies and loss absorbing capacity in resolution (MREL/TLAC) and cross border cooperation and impediments to resolvability of systemically important cross-border firms, any other issues that are specific to the European region. 

The workshop is targeted at senior level technical staff responsible for the development and implementation of policies as they relate to resolution.