Banks and national regulators are too slow to draw up living wills showing how large international lenders can be wound down if they fail, a group of global regulators said today.

"Significant work remains" to be done on the bank-crisis plans, the Financial Stability Board said in a statement following a meeting in Zurich, Switzerland. The board said that it would publish a review of nations' progress in April, in a bid to identify lenders and regulators that aren't up to speed.

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