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Since the global financial crisis, the banking sector has done a good job of improving resolution planning, but there’s an urgent need for reforms in other parts of the financial system, says a new report from the Financial Stability Board (FSB).

The global policy group published a report on Thursday that examined the state of reforms to ensure that failing firms can be wound down without spreading damage to other parts of the financial sector or inflicting bailout costs on taxpayers.

“As the 15-year anniversary of the global financial crisis is on the horizon in the coming year, it is critical to maintain momentum and avoid complacency,” the FSB said.

Among other things, the report finds that, while there has been progress in improving resolvability in the banking sector, there are still significant issues in other parts of the industry, including financial market infrastructure firms and insurers.

“In particular, the largest cross-border resolution challenges that need to be addressed with some urgency remain in the non-bank sector,” it said.

Post-crisis reforms have promoted the use of central counterparties (CCPs), but this has made these firms more systemically important, the report said.

While there have been efforts to enhance the resilience and resolvability of CCPs, “further work is still needed … including the adequacy of resources for CCP resolution,” it said.

Additionally, the report found that more work is required to “make resolution plans for insurers fully operational.”