Financial Business

Resolution plans definition and role

The resolutions plan are measures to be taken when the resolution threshold is met.

The resolution authority prepares resolution plans.

Resolution plans includes:

-A detailed plan,

-details about latest resolution,

-ensure continuity upon failure,

-detailed schedule of the plan,

-description of assessement of resolvability,

-description of impediments to resolvability,

– description of resolution funding,

– description of Central bank liquidity assistance,

– a description of preserving access to payment and clearing services,

-impact of plan on employee and institution,

-plan of communication with media,

-actions to ensure functionning of the insitutions operations.

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