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IC-1.5.10

Bahraini conventional bank licensees must develop, commensurate with the nature, size, complexity and scale of its activities, a recovery plan in line with Chapter 2 of Module DS. Recovery plans must be approved and reviewed regularly by the Board. The recovery plan must include information and analysis to reflect the appropriate coverage and granularity of the recovery plan, as well as key elements including:

(a) Governance arrangements and escalation process following a triggering event;
(b) Quantitative and qualitative triggers and early warning indicators; and
(c) Recovery options based on the appropriate number of market-wide (systemic) stress scenarios and bank-specific (idiosyncratic) stress scenarios to assess which recovery options would be effective in a range of stress situations.
Amended: January 2022
Added: July 2018