Joint Release/U.S., European Officials to Hold Planned Coordination Exercise on Cross-Border Resolution Planning — 2016-10-05

U.S., European Officials to Hold Planned Coordination Exercise on Cross-Border Resolution Planning Senior officials representing resolution authorities in the United States and Europe on Monday will hold the second in an ongoing series of planned exercises to enhance coordination on cross- border resolution. The discussion exercise will be held on Monday, October 10, and follows a similar exercise conducted by senior officials from the United States and the United Kingdom in 2014. The exercise is the culmination of planning since late 2015 and builds on ongoing work by the international authorities in the area of cross-border resolution, including a staff-level exercise conducted earlier this year. The exercise is planned to coincide with the annual international meetings in Washington sponsored by the World Bank and International Monetary Fund. The exercise will be hosted by the Federal Deposit Insurance Corporation.