(Source: FSC - Financial Services Commission) 51616670-d16a-4959-af62-0ff312f22c99.pdf Financial Services (Recovery and Resolution) Regulations 2014 - Summary of Full and Simplified Obligations Requirements Background Institutions are required under the Financial Services (Recovery and Resolution) Regulations to draw up and maintain recovery plans on an annual basis. A recovery plan should set out a management strategy aimed at preventing an institution from failing when faced with severe stress. The plan should identify the options that might be available to management to respond to a crisis and to assess whether these options are viable and sufficiently robust to enable an institution to...
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