At their meeting this year in Buenos Aires, the G20 finance ministers and central bank governors acknowledged that technological innovation, including DLT and blockchain, had the potential to improve the efficiency and inclusiveness of the financial system.
The Key Attributes also call for the establishment of Recovery and Resolution Plans (RRPs) for global SIFIs, supported by resolvability assessments to evaluate the feasibility of resolution strategies. The objective of these plans is to organise the recovery or resolution ex ante in such a way that systemically important units or functions can be maintained without systemic disruptions.