The Basel Committee and the Financial Stability Board have devoted considerable attention to the orderly resolution objective by developing new standards for statutory resolution frameworks, firm-specific resolution planning, and cross-border cooperation. Although much work remains to be done by all countries, the Dodd-Frank Act reforms have generally put the United States ahead of its global peers on the resolution front.
Since the passage of the Dodd-Frank Act, the FDIC has been developing a single-point-ofentry strategy for resolving systemic financial firms under the OLA.