The ongoing ex post evaluation of TBTF reforms by the Financial Stability Board (FSB) can be expected to provide useful  insights as it assesses – inter alia – the effects of new resolution regimes. [5] The evaluation focuses on the implementation of reforms, their credibility and effectiveness in terms of coping with the failure of systemic banks.
Potential regulatory implications go beyond the prudential regulation of banks. How BigTechs will be able to enter the market for traditional banking activities will crucially depend on their ability to utilize customer data across different services. Close cooperation is thus needed between prudential regulators, competition authorities as well as data and consumer protection agencies.