A resolution regime for large, interconnected firms As compelling as the case for such a process is, the debate around resolution proposals has highlighted the challenge of crafting a workable resolution regime for large, interconnected firms. The basic design problem is that such a regime must advance the goals of both financial stability and market discipline.
After identifying the tasks required to reform our organization, through a process of opinion gathering both within and without, we plan to employ a consulting agency with a reputation for expertise and objectivity, and request a proposal for a specific restructuring plan. The actual initiative to achieve successful organizational reform must come from within the Bank itself, however.