recovery plan

What is recovery plan?

recovery plan definition and meaning on Finance terms:
Banks are required to draft recovery plans to prepare for possible financial difficulties and restore their viability in a timely manner during periods of financial distress. The core of the recovery plan outlines a wide range of credible and feasible recovery options to restore viability, for example to improve the capital or liquidity situation. <

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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