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Rolling out a recovery and resolution plan

Positioning for a new financial landscape

Deloitte imageAs institutions begin to emerge from the financial crisis and global economic downturn, they are turning towards preparations for the recovery. They are re-configuring business models to suit the new financial landscape, re-aligning their workforces to meet new levels of demand, and re-building the customer relationships that have been unsettled during the crisis. There is urgency in these efforts, as institutions recognize that these preparations must be complete before the recovery arrives if they are to make the most of the opportunities to come.

The latest report to be created is “Rolling out a recovery and resolution plan.” These plans are rapidly gaining support as one of the key elements to resolving the issue of “too big to fail”. This report examines the elements that should be considered in a recovery and resolution plan, including:

  • Defining the level of detail in the plan
  • Steps for liquidity and capital recovery
  • Actions on counterparty failure
  • Scenario planning
  • Defining trigger events
  • Responsibility for the plan, and
  • Agreement on frequency of update

This Deloitte point of view examines the elements that should be included in a recovery and resolution plan, and provides insight on some common questions, such as defining trigger events for the plan, and how frequently the plan should be updated.

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