The FSB has led the work on resolution planning for CCPs, publishing draft guidance this past February. The guidance covers a range of topics, including the powers that resolution  2  In 2013, CPMI-IOSCO launched a multi-level, multi-year monitoring program to evaluate how the principles and responsibilities in the PFMI are being implemented around the world.
Political value judgements among various competing aims may be made only by those who have acquired direct democratic legitimacy as a result of elections. It is precisely for that purpose that elections give a BIS Review 67/1999  4  mandate.