DS-2.1.1
Recovery and Resolution Plans (RRPs) developed by DSIBs must be specific to their circumstances reflecting the nature, complexity, interconnectedness, level of substitutability and size of the bank in question. RRPs must include:
(a) High-level substantive summary of the key recovery and resolution strategies and an operational plan for implementation;
(b) Strategic analysis that underlies the recovery and resolution strategies;
(c) Conditions for intervention, describing necessary and sufficient prerequisites for triggering the implementation of recovery or resolution actions;
(d) Concrete and practical options for recovery and resolution measures;
(e) Preparatory actions to ensure that the measures can be implemented effectively and in a timely manner;
(f) Details of any potential material impediments (Shari'a, legal, strategic or technical) to an effective and timely execution of the plans; and
(g) Responsibilities for executing preparatory actions, triggering the implementation of the plans and the actual measures.
July 2018