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Home > Prudential Regulation Authority > Supervisory tools: Recovery and resolution plans - PS8/13, SS18/13 and SS19/13 UPDATED
 

Supervisory tools: Recovery and resolution plans - PS8/13, SS18/13 and SS19/13 UPDATED

16 JANUARY 2015 - CONTENT ON THIS PAGE HAS BEEN SUPERSEDED

For updated policy published on 16 January 2015 see:

Supervisory tools: Recovery and resolution plans - PS1/15, SS18/13 and SS19/13

For information only, the original publications issued on 19 December 2013 are available below.


​A core aspect of the Prudential Regulation Authority’s (PRA) approach is that it will ensure preparedness for either recovery or resolution of a failing firm. This PRA policy statement contains final rules on recovery and resolution planning and is accompanied by two supervisory statements. Together these documents set out the PRA’s recovery and resolution planning framework.

Policy Statement
 
The rules will require banks, building societies and PRA-regulated investment firms to produce recovery plans (identification of options to recover financial strength in stress situations) and resolution packs (information to support resolution planning by the authorities).
 
 
Recovery Supervisory Statement
 
The Recovery planning supervisory statement sets out our expectations for firms’ recovery plans.
 
 
Resolution Supervisory Statement
 
The Resolution planning supervisory statement sets out our expectations for the information that firms should provide to us to aid resolution planning.
 

 

 

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