Too Big to Fail
March 5, 202012 min
The January 1st 2020 deadline for the US Stay Rules has passed – so are Global Systemically Important Banks (GSIB) now fully compliant? Have all their covered entities, subsidiaries, affiliates, and their client counterparties that use derivatives, repurchase agreements and certain other types of financial contracts been identified, and in-scope qualified financial contracts (QFC) remediated? Or will the lack of accurate, up to date trading partner information jeopardise and undermine the recovery and resolution objectives...