Supervisory tools: Recovery and resolution plans

Update 16 January 2016 - this Policy Statement has been superseded. For updated policy published on 16 January 2015 see:

Policy Statement 1/15

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

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).

Policy Statement 8/13

Recovery Supervisory Statement

The Recovery planning supervisory statement sets out our expectations for firms’ recovery plans.

Supervisory Statement 18/13 
 
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. 

Supervisory Statement 19/13