Key facts
- Regulators are planning changes to bank resolution rules.
- Recent bank failures have led to criticism of existing resolution frameworks.
- The failures of Credit Suisse, Silicon Valley Bank, and Signature Bank occurred in March 2023.
Regulators are planning to revise rules governing the resolution of failing banks, following criticism that existing 'living wills' were not adequately considered during recent collapses. The failures of Credit Suisse, Silicon Valley Bank, and Signature Bank within a ten-day period in March 2023 have intensified discussions about the effectiveness of resolution frameworks in both the US and Europe. The article suggests that these plans aim to ensure that future bank failures are managed more effectively.