Federal Reserve Vice Chairman Stanley Fischer At The Panel Discussion On Resolution Riksbank Macroprudential Conference, Stockholm, Sweden, June 22, 2016, Comments On The Resolution Framework For Banks And Bank Holding Companies In The United States

I'm grateful to the organizers for inviting me to participate in this conference. I would like briefly to describe the legal frameworks that exist for resolving banking organizations in the United States, the steps that the Federal Reserve and other U.S. regulators have taken to make global systemically important banking organizations (GSIBs) in the United States more resolvable, and a few of the criticisms of U.S. regulatory actions in this area, together with my responses to them.¹