Resolution is a way for authorities to deal with a failing bank without bailing it out and without interrupting its critical economic functions – typically by imposing losses on shareholders and creditors. Almost all jurisdictions that are home to G-SIBs now have comprehensive bank resolution regimes that align with the global standard – the FSB Key Attributes.
The second half will deal with another question that is being asked in the monetary policy debate,  namely whether the current, extraordinarily expansionary  monetary policy stance is inducing excessive risk-taking and thereby possibly igniting tomorrow’s financial crises. Low interest rates and yields make investors inclined to search-for-yield and embark on riskier investment strategies.