QA2019-5 - Recovery versus resolution planning

Owned by SRB Services
Feb 01, 2024
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Resolution Reporting Subject Matter Guidance
Guidance Documents Critical-Functions
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QA2019-5

Question


Can this assessment be used for both recovery and resolution purposes? Has the ECB agreed to this assessment methodology for recovery planning purposes?


Response


The need to ensure an alignment of the identification of critical functions in recovery and resolution plans is recognised by both the SRM and the SSM. In order to avoid double work and also to ensure consistency, institutions using the critical functions template for resolution planning purposes should also use it for recovery planning purposes, taking into account comments received from resolution authorities, if available