Financial Stability Board Releases Guidance Papers On Recovery And Resolution Planning

The Financial Stability Board (FSB) has today published three guidance papers to assist authorities and firms in implementing the recovery and resolution planning requirements under the Key Attributes of Effective Resolution Regimes for Financial Institutions (‘the Key Attributes’) endorsed by the G20 at Cannes:
(1)      Guidance on Developing Effective Resolution Strategies.
(2)      Guidance on Identification of Critical Functions and Critical Shared Services ; and
(3)      Guidance on Recovery Triggers and Stress Scenarios

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