Regulatory Alerts2023-07-26
Requirements for the Preparation of a Business Recovery Plan for Credit Financial Organizations
The National Bank of Tajikistan issued these requirements to mandate credit financial organizations to develop and submit business recovery plans ensuring financial stability and liquidity. The regulations define critical functions, monitoring indicators, and stress-testing scenarios that institutions must use to prepare comprehensive recovery strategies. Systemically important banks must submit these plans annually, while all covered entities must immediately notify the regulator upon triggering critical thresholds or activating recovery measures.
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