| Summary: | The paper will focus on the resolution frameworks of a sample of 12 countries taken from 6 regions. The review of the sample countries is used to analyze issues that may be relevant for other countries and to discuss potential challenges faced in implementing effective safeguards. The remainder of the paper is organized as follows: Section two discusses the rationale for significant powers given to the resolution authority under the key attributes and the far-reaching implications of these powers. Section three offers a brief overview of the safeguards that are incorporated in the key attributes, describes the rationale and intent of each safeguard and how to implement them to support an efficient bank resolution framework. Section four reviews the observed features of safeguards of current resolution regimes in 11 emerging and developing countries, and one country that developed into an advanced economy, to identify potential areas where implementing effective safeguards may require significant changes in various aspects of the local jurisprudence. Building upon the observations made in section four, section five aims to provide guidance for designing sound safeguards in bank resolution frameworks of emerging and developing countries. The paper ends with a section highlighting the key take-aways. This paper is a research note reflecting the authors' review work and experiences and does not reflect in any way the views of the World Bank or IMF or their management or Boards
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