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The Alternative Investment Management Association

Alternative Investment Management Association Representing the global hedge fund industry

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Financial Stability Board

After witnessing the global economic impacts of the failure of systemically important bank and non-bank financial institutions (SIFIs), G20 leaders agreed that action was necessary.

During the Summit of November 2010 in Seoul, the G20 called upon the Financial Stability Board (FSB) to consider and develop concrete policy recommendations in order to address problems associated with the failure of such institutions.

On 9 July 2011, the Financial Stability Board (FSB) published a consultation entitled ‘Effective resolution of systemically important financial institutions’. The consultation proposed a comprehensive package of policy measures to improve the capacity of national authorities to deal with failing SIFIs. After consideration of the responses received, the FSB released its ‘Key Attributes for Effective Resolution Regimes’ in October 2011.

The FSB ‘Key Attributes’ have now been endorsed by the G20 and form the basis of the recovery and resolution initiatives currently being undertaken globally at both national and international level. 

In August 2013, the FSB released a consultation on the 'Application of the Key Attributes of Effective Resolution Regimes to Non-Bank Financial Institutions', including FMIs. AIMA submitted a joint response alongside MFA. The FSB also released a consultation on the 'Assessment Methodology for the Key Attributes of Effective Resolution Regimes for Financial Institutions'. This deadline for comments is 31 October 2013.

Relevant consultations

Assessment Methodology for the Key Attributes of Effective Resolution Regimes for Financial Institutions (August 2013)

Application of the Key Attributes of Effective Resolution Regimes to Non-Bank Financial Institutions (August 2013)

FSB consultation on Recovery and Resolution Planning: Making the Key Attributes Requirements Operational (November 2012)

FSB consultation on Effective Resolution of Systemically Important Financial Institutions (July 2011)

AIMA documents

Response to FSB Consultative Document on Application of Key Attributes of Effective Resolution Regimes to Non-Bank Financial Institutions (October 2013)

Response to FSB consultation on Effective Resolution of Systemically Important Financial Institutions (September 2011)

Key documents

Responses to FSB Consultation on Recovery and Resolution Planning: Making the Key Attributes Requirements Operational (December 2012)

FSB Progress Report - Resolution of Systemically Important Financial Institutions (November 2012)

FSB Key Attributes of Effective Resolution Regimes for Financial Institutions (October 2011)

Other relevant documents

BoE and FDIC Joint Paper on Resolving Globally Active, Systemically Important, Financial Institutions (December 2012)

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  1. AIMA's Policy Principles
  2. Asset Management Regulation
    1. EU Asset Management Regulation
      1. AIFMD
      2. European Capital Markets Regulation
      3. MiFID / MiFIR
      4. UCITS
        1. ETFs and Structured UCITS
      5. Venture Capital
    2. US Hedge Fund Adviser Regulations
      1. Registration and Reporting
      2. Incentive-Based Compensation
      3. JOBS Act
    3. Asia Pacific Asset Management regulation
    4. Other Jurisdictions’ Asset Management Regulation
    5. Regulation of NBFCs / SIFIS
    6. Supervision
      1. UK regulatory reform
      2. European Supervisory Authorities
      3. US Self-Regulatory Organisations
    7. Remuneration
      1. UK
      2. US
      3. CRD IV and CRR
      4. AIFMD
      5. MiFID
    8. Shadow Banking
    9. Volcker Rule
    10. Other
  3. Markets Regulation
    1. Bank/Capital Regulation
      1. Capital Requirements Directive
      2. EU Bank Structural Reforms
    2. Derivatives/Clearing
      1. EMIR
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      2. MiFID / MiFIR
      3. MAD / MAR
      4. Dodd-Frank Act Title VII
      5. Hong Kong
      6. IOSCO
      7. Singapore
    3. High Frequency Trading
      1. ESMA Guidelines
      2. MiFID / MiFIR
      3. MAD / MAR
      4. Flash Crash
      5. IOSCO
      6. Germany
      7. CFTC Automated Trading
    4. Insurance Regulation
      1. Solvency II
    5. Market Abuse
      1. MAD / MAR
      2. Indices as Benchmarks
    6. Position Limits
      1. MiFID / MiFIR
      2. CFTC Position Limits
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      1. Europe
        1. EU Bank Recovery and Resolution Directive
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      5. USA
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  4. Tax Affairs
    1. EU Savings Directive
    2. FAIFs and FINROFs
    3. FATCA
    4. FIN 48 and IAS 12
    5. Financial Transaction Tax
    6. Investment Manager Exemption
    7. UK Offshore Funds Regime
    8. Other
  5. Search
  6. Resources
    1. Guidance Notes
    2. Jurisdictional Guides
    3. Noticeboard
      1. FATCA
      2. Other Hot Asset Management Topics
      3. Other Hot Markets Topics
      4. UK Partnership Tax Review
      5. Volcker Rule
    4. Hedge Fund Manager Training
    5. Quarterly Regulatory Update
    6. Webinar Programme