They are individually working with their own crisis management group to isolate key impediments to recovery and are focusing on work that should be undertaken in the near term to enhance recovery options. These plans will have to be dynamic to ensure they remain relevant and appropriate in light of changing business and economic conditions.
Despite the progress that is being made through the FSB work and domestic efforts, comprehensive solutions to cross-border crisis management difficulties will not be easy to achieve. Enhancing cross-jurisdictional synchronization of resolution options and recovery processes would be a meaningful step in the right direction.