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DS-2.1.13

Bahraini conventional bank licensees must establish Resolution Plans intended to facilitate smooth resolution making it feasible without severe market disruption. It must include a substantive resolution strategy approved by the Board and agreed with the CBB, and an operational plan for its implementation. It must identify, in particular:

(a) Financial and economic functions for which continuity during the resolution process is critical and suitable resolution options to preserve those functions, or wind them down in an orderly manner;
(b) Data requirements on the bank's business operations, structures, and systemically important functions;
(c) Potential legal, strategic or technical barriers to effective resolution and actions to mitigate those barriers; and
(d) Actions to protect insured depositors and ensure the rapid return of segregated client assets.
July 2018