BIS Review 127/2010  3  Moreover, on the prompting of the FSB, Cross-Border Crisis Management groups have been established worldwide for most of the largest global financial institutions. The focus of these groups is to establish firm-specific Recovery and Resolution Plans that will help authorities and firms handle emergency situations and enhance mutual trust among key home and host authorities.
But there are also those who say we are doing way too little.” “To me”, he said, “That’s a clear sign we’re exactly on the track we should be.” And with that I would like to conclude for now. Thank you. 6