FSB Seeks Views on Recovery and Resolution Planning

The Financial Stability Board is seeking views from the public on recovery and resolution planning for systemically important financial institutions. The guidance is aimed at assisting national authorities in implementing the FSB’s Key Attributes of Effective Resolution Regimes for Financial Institutions, and covers issues such as:

• triggers and scenarios for use in recovery planning;
• development of resolution strategies and operational resolution plans; and
• critical functions and services that should be maintained in the event of a crisis.

Comments on the consultation paper should be submitted by December 7, 2012.