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Preparing your Recovery and Resolution Plan: A guide for banks and building societies in the UK

30 May 2012

Recent consultations and rule approvals have fired the starting gun on recovery and resolution planning for financial institutions. By the end of June 2012, the FSA intends that UK incorporated deposit takers and significant investment firms will be required to have in place a ‘living will’ or ‘recovery and resolution plan’(RRP). This document sets out some background on resolution and RRPs, and discusses how firms can plan for preparing a RRP.