Contigency Plan

From Open Risk Manual

Definition

A Contingency Plan is a plan, developed by the supervisory authority that describes what it has to do in order to deal with a variety of weak bank problems in the context of Bank Resolution.

Among other things, the plan should outline the options available to the supervisor and parties that should be informed.[1]


References

  1. BCBS, Supervisory Guidance on Dealing with Weak Banks, March 2002

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