Resolution Policy and Resolvability at the Centre of Financial Stability Regimes?
IADI/BIS FSI Conference, Basel
I have a strong conviction that resolution policy should be at the very centre of public policy regimes for financial stability. But the question mark signals that I harbour concerns that resolvability is far from reaching that central position. Resolution policy should transform the principles and practice of both lender-of-last-resort policy and prudential supervision, but how in each case that remains an aspiration.