Transcription of Recovery Planning
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Issued on 28 July 2021 BNM/RH/PD 029-47 Recovery Planning Applicable to: 1. Financial holding companies 2. Licensed banks 3. Licensed Islamic banks 4. Licensed investment banksRecovery Planning Issued 28 July 2021 TABLE OF CONTENTS GLOSSARY .. 1 PART A OVERVIEW .. 4 1 Introduction .. 4 2 Applicability .. 5 3 Legal provisions .. 5 4 Effective date .. 6 5 Interpretation .. 6 6 Related legal instruments and policy documents .. 8 PART B POLICY REQUIREMENTS .. 9 7 Level of application.
regulatory, supervisory and resolution regimes. 1.2 The RRP framework aims to – (a) facilitate the preparation and maintenance of robust recovery plans by financial institutions which serve as a strategic planning tool that – (i) integrates with the risk appetite framework1 and reinforces risk management functions; and
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