The PRA has published the following Policy Statements concerning recovery and resolution:
- Policy Statement 8/13: Recovery and resolution plans (PS8/13). In PS8/13, the PRA sets out its approach to recovery and resolution;
- Supervisory Statement 18/13: Recovery planning (PS18/13). In PS18/13, the PRA sets out its expectations on recovery planning. The recovery plan is a firm’s complete menu of options addressing a range of severe financial stresses caused by idiosyncratic problems, market-wide stress, or both. The PRA expects the recovery plan to include all credible options for addressing both liquidity and capital difficulties; and
- Supervisory Statement 19/13: Resolution planning (PS19/13). In PS19/13, the PRA sets out details on information that firms should submit to it in order to facilitate resolution planning.
Together these Policy Statements set out the PRA’s recovery and resolution planning framework for banks and PRA-regulated investment firms.
View Policy Statement 8/13: Recovery and resolution plans, 19 December 2013
View Supervisory Statement 18/13: Recovery planning, 19 December 2013
View Supervisory Statement 19/13: Resolution planning, 19 December 2013