The head of the International Organization of Securities Commissions, the umbrella body of the world’s securities regulators, said that the “most important area of our work” on global systemically important financial institutions “must be resolution regimes”.

Speaking at London's biggest derivatives conference IDX this morning, David Wright, the recently-appointed secretary general of Iosco, said the creation of so-called "living wills" was central to the success of the post-crisis reform agenda.