Policy Document on Recovery Planning
Embargo :28 Jul 2021
The policy document sets out the Bank’s expectations and policy requirements on the development and maintenance of recovery plans for financial institutions. Under the proposed framework, each financial institution will be required to identify and plan for the execution of a suite of recovery options to restore its long-term viability under a range of idiosyncratic and system-wide stress events.
The information and assessment contained in recovery plans will also serve as an important starting point for Perbadanan Insurans Deposit Malaysia (PIDM) - as the resolution authority for its member institutions – to improve the resolvability of member institutions and operationalise feasible and credible resolution plans.
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Bank Negara Malaysia
28 Jul 2021
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