The review is well underway and much progress has been made already. You may have participated in the FMRC questionnaire or in meetings held by the project team. It is envisaged, that a draft report will be published later in the year for public comment. Again, this will be an important document for you to interact with and provide comments.
In particular, having a single system with a single Fund is of the essence. 2  BIS central bankers’ speeches  Experience in recent years has in fact shown that any form of coordination of national resolution authorities and national funds was beyond reach.