Financial Recovery Plan
From Open Risk Manual
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Definition
The Financial Recovery Plan (also just Recovery Plan) is a document drafted by credit institutions and investment firms containing the measures to be taken in order to restore their financial position following a significant deterioration of their financial situation, as required by the new Union-wide framework for crisis prevention, crisis management and resolution.[1]
References
- ↑ ECB Guidance to banks on non-performing loans, March 2017
