Financial Stability Board uses ReSolve event to focus resolution planning on cross-sector spillovers and crisis readiness

In opening remarks at its 2026 ReSolve event, the Financial Stability Board set out a cross-sector agenda for resolution planning, bringing together authorities responsible for banks, insurers and financial market infrastructures in what speakers described as a first genuinely cross-sectoral forum for the relevant crisis management groups. The central message was that rising interconnections across firms, markets and jurisdictions mean crises are unlikely to stay within one sector, so resolution preparedness needs to move beyond siloed planning toward joint readiness. The remarks focused on the need to understand how stress or resolution in one part of the financial system could affect others, including whether a bank resolution could transmit pressure to insurers or central counterparties, or whether distress at an insurer or financial market infrastructure could have unintended consequences for banks. Speakers said foundational resolution regimes are now largely in place across the three sectors following the FSB's Key Attributes work, but argued that legal powers and plans alone are not enough. Operational readiness, resolvability assessments, cross-border exercises, and consistent implementation were presented as the elements that make resolution frameworks credible in practice. The FSB Secretary General also said the body launched a strategic review of its crisis preparedness activities this year, and that understanding cross-sector interconnections across the crisis management continuum from recovery to post-stabilization restructuring will be central to that review.