The UK’s Financial Stability Board (FSB) has published the 2025 Resolution Report, providing a progress update on its ongoing efforts to strengthen the global resolution regimes for banks, insurers, and financial market infrastructures (FMIs). Additionally, the paper also outlines plans for 2026 aimed at further strengthening resolution frameworks and crisis preparedness.
In particular for CCPs, FSB’s focus in 2025 was on “enhancing application of the existing standards”. This involved implementing the board’s guidelines on financial resources and tools for resolution as well as supporting efforts to enhance operational planning and cross-border coordination.
The report observes that implementation progress is “evident but uneven” across the three sectors examined. Referring to the 12 guidelines FSB created as a global standard for the resolution regimes of any type of financial institutions, it states, “Foundational resolution frameworks are now mostly in place, and most jurisdictions have aligned their resolution regimes with the FSB’s Key Attributes.” 14 CCPs that are systemically important in more than one jurisdiction have shown “continued progress in operational planning and crisis preparedness” in the resolvability assessment process results.
A peer review will follow in 2026, focused on public sector backstop funding mechanisms. The findings will be used in a practices paper on funding in resolution. Additionally, work on bail-in execution and the improved operationalisation of resolution tools will continue.
