Following their endorsement by the G20, the Key Attributes now have to be put into effect across jurisdictions. This will require substantial efforts by both national authorities and financial institutions. Legislative changes will be needed in many jurisdictions to ensure that national authorities can exert all necessary powers.
Recovery and resolution plans must be developed and, finally, financial institutions may need to change their structure and operations to ensure their resolvability. Looking ahead, the FSB framework will be extended from global to other SIFIs.