Details

Service: Audit, Tax, Advisory
Industry: High Growth Markets, Insurance, Banking & Capital Markets
Type: White paper
Date: 8/22/2011

Risk Resolution Planning - What It Really Means?

In November 2011, the G20 leaders endorsed and passed recommendations to address the moral hazard posted by Systemically Important Financial Institutions (SIFIs). This includes the requirement for an adequate, credible recovery and resolution plan (RRP) from any firm that is assessed by its home authority to have potential impact on financial stability.

Download Now

Read: Risk Resolution Planning – What It Really Means? (PDF)

PDF files require Adobe Reader to view

Download Adobe Reader

The Dodd-Frank Act has many components that will result in several new regulations that corporations must follow to remain compliant. There are 120 institutions that are listed as systemically important and will have a financial impact if they fail; these institutions must submit a risk resolution plan that would avoid major disruptions. The recovery plan remains under the control of management; however, it is a key supervisory tool to identify options to recover financial strength and viability under severe stress.

© 2013 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.

KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.