South Africa


  • Service: Audit, Advisory, Tax
  • Industry: Financial Services
  • Type: Business and industry issue
  • Date: 2011/05/26

Africa Regulatory Center of Excellence

KPMG’s Financial Services Regulatory Centers of Excellence
KPMG’s Financial Services Regulatory Centre of Excellence, our firms' leading global regulatory experts, can provide insights into the implications of the raft of regulatory change and the direction of developments around the world.

The Implications of Recovery and Resolution Plans 

Developing Recovery and Resolution Plans (RRPs) requires management to look at the business in a new and strategic way, assessing the priorities and practicalities which must be addressed both now and should an RRP be triggered.
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The financial crisis demonstrated that large, complex and interconnected financial institutions can generate disproportionate risks to financial stability. Policy makers have agreed that SIFIs must accept broader and more in-depth measures to avoid these vast impacts in future. But while they work out the overall picture, firms need to consider the implications of the potential outcomes, in order to influence their regulator and the wider debate.


Additional research


  • Recovery and resolution planning – What it really means? (PDF 649KB)
  • New guidance on recover planning (PDF 1.43MB)
    Although materially the same as G4/2012, D1/2015 does provide specific details pertaining to the minimum requirements of Recovery Plans. Key to recovery planning is that the plans need to be practical and executable while being specific to the business of the bank. Read this article for an understanding of additional elements or elements that have been clarified and included in D1/2015.