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1 Recovery and Resolution Planning: Reconfiguring Financial Regulation and Supervision

Dalvinder Singh

From: Bank Resolution: The European Regime

Edited By: Jens-Hinrich Binder, Dalvinder Singh

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2015. All Rights Reserved.date: 26 October 2020

Subject(s):
Banker-customer relationship — Deposit insurance schemes — Deposit protection schemes — Recovery and Resolution Plan (RRP) — Special Resolution Regime (SSR) — Regulation of banks — European Banking Authority (EBA)

This chapter analyses the impact of recovery and resolution planning on the regulation and supervision of financial institutions. It argues that recovery and resolution planning places issues associated with crisis prevention and resolvability at the forefront of regulation and supervision rather than at the tail end. However, one challenge associated with this requirement is the level of discretion authorities have with regards to the technical requirements associated with formulating and reviewing the plans. The chapter explores the extent to which that discretion is structured and assisted by the introduction of European Banking Authority guidelines and technical standards. It concludes with a reflection of how recovery and resolution planning is likely to improve forward-looking risk-based supervision.

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