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Recovery planning: Playbooks and dry-runs

Recovery planning: Playbooks and dry-runs

Even though recovery planning is not a new topic, it still remains a key concern for the banking industry as well as for supervisors and regulators. While banks are not obliged to produce playbooks and perform dry-runs, their use on a case-by-case basis is advisable.

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Recovery planning: Playbooks and dry-runs

On 3 July 2018, the European Central Bank (ECB) published a report presenting the findings of a comprehensive benchmarking analysis of recovery plans of Signifcant Institutions (SIs) for the three previous cycles of recovery plan assessments.

The report focuses on the complexity of recovery plans from a multitude of banks that could face diffculty when under pressure in a stress situation. According to the ECB, the complexity and length of the plans is likely to inhibit the ability of the banks to implement recovery plans quickly and effectively.

As a result, the ECB has concluded that the usability of complex recovery plans should be improved and emphasise the effectiveness of developing so-called ‘playbooks’ and performing ‘dry-runs’ to ensure that banks are able to make the right decisions in crisis situations.

Even though recovery planning is not a new topic, it still remains a key concern for the banking industry as well as for supervisors and regulators. While banks are not obliged to produce playbooks and perform dry-runs, their use on a case-by-case basis is advisable.

KPMG member frms’ experience helps us in supporting European banking clients develop effective recovery plan playbooks, practical dry-runs and to ensure regulatory compliance.

Want to know more about recovery planning? Please contact Rob Voster.

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