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
- ↑ BCBS, Supervisory Guidance on Dealing with Weak Banks, March 2002
