Recovery plan: Difference between revisions
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imported>Doug Williamson (Create the page. Sources: linked pages and PRA http://www.bankofengland.co.uk/pra/Documents/publications/ss/2015/ss1813update.pdf) |
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Revision as of 09:53, 21 September 2016
Bank supervision.
A recovery plan is a regulated financial firm’s comprehensive menu of advance options addressing a range of severe financial stresses caused by:
- Bank-specific problems;
- Market-wide stress; or
- Both.
The recovery plan should include all of the management's credible options for addressing both liquidity and capital difficulties.