Singapore

Details

  • Service: Advisory
  • Industry: Financial Services
  • Type: Business and industry issue
  • Date: 5/1/2011

The Implications of Recovery and Resolution Plans 

The financial crisis demonstrated that large, complex and interconnected financial institutions can generate disproportionate risks to financial stability. As a result, regulators and other policy makers have agreed that systemically important financial institutions (SIFIs) must accept a broader and more in-depth range of measures to avoid these wide-ranging impacts in future. Being asked to create recovery and resolution plans (RRPs) is one such tool, and will be onerous for firms — the analysis is likely to lift the lid on a level of complexity and inter-dependency which will surprise even an institution's own management teams.

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