Prevention is the most important and innovative aspect of the new European framework for regulating banking crises. This chapter analyses the main substantive and procedural aspects regarding the creation and approval of recovery and resolution plans under the BRRD. It also aims to highlight the importance of planning as a governance tool. “Recovery plans” can play a key role in improving corporate governance structures and promoting the development of a new risk management culture. For recovery and resolution plans to be credible, the planned measures must be able to ensure orderly bank resolution and safeguard the stability of the system. A further aim of this chapter will therefore be to understand how these difficulties can be realistically overcome.

Recovery and Resolution Planning

SCIPIONE, Luigi;RISPOLI, MARILENA
2019

Abstract

Prevention is the most important and innovative aspect of the new European framework for regulating banking crises. This chapter analyses the main substantive and procedural aspects regarding the creation and approval of recovery and resolution plans under the BRRD. It also aims to highlight the importance of planning as a governance tool. “Recovery plans” can play a key role in improving corporate governance structures and promoting the development of a new risk management culture. For recovery and resolution plans to be credible, the planned measures must be able to ensure orderly bank resolution and safeguard the stability of the system. A further aim of this chapter will therefore be to understand how these difficulties can be realistically overcome.
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/11588/754655
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