Regulatory Alerts2022-09-21
Recovery Planning Guidelines
The Central Bank of The Bahamas requires all licensed banks, trust companies, and credit unions to develop, test, and maintain formal recovery plans that restore financial soundness during crises. These mandated plans must identify critical functions, stress scenarios, early warning triggers, and actionable restoration options to ensure timely crisis response. The guidelines enforce annual testing, board oversight, and integration with existing risk management frameworks to enable proactive financial stabilization.
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