The centrepieces of this work are the Financial Stability Board’s Key Attributes of Effective Resolution Regimes for Financial Institutions (Key Attributes) and total loss absorbing capacity (TLAC) for global systemically important financial institutions (G-SIFIs). The intention is that the relevant authorities should be able to resolve failing global financial institutions in an orderly manner without taxpayer exposure to loss from solvency support.
6. Clearly we must raise this rate of development. We are a small country. Not only that, we do not have too many natural resources. We rely on a few commodities for exports. We compete with bigger countries with very low cost structures and higher productivity. We suffer from natural disaster that can easily wipe out a big chunk of our economy overnight.