UK:
US And UK Authorities Discuss Resolution Issues For G-SIBs
23 October 2014
Shearman & Sterling LLP
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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 is available at: https://www.gov.uk/government/news/us-and-uk-officials-meet-to-discuss-key-components-for-the-resolution-of-a-global-systemically-important-bank.
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