Regulatory Alerts2022-08-11 | 29738Industry Consultation on the Recovery Planning Guide
The banking and insurance regulators have published a consultation on the Recovery Planning Guide to establish standardized recovery frameworks for financial institutions. The proposed framework requires regulated entities to develop comprehensive, forward-looking recovery plans that address critical operational and financial stress scenarios. Market participants are invited to provide feedback on implementation timelines, reporting standards, and supervisory expectations prior to the finalization of the guide.
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