resolution plan

What is resolution plan?

resolution plan definition and meaning on Finance terms:
In contrast to recovery plans, resolution plans are not drawn up by the banks but are prepared and regularly updated by the Single Resolution Board and national resolution authorities. A resolution plan comprises a comprehensive description of credible and feasible resolution actions which may be implemented under the Single Resolution Mechanism if a bank meets all the conditions for resolution. It prepares the measures and the process for the potential orderly resolution of a bank by ensuring the continuity of its critical functions. See also
recovery plan<

 

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

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