The Central Bank (BDL) has asked banks to prepare a 'recovery plan' as an additional step to bring the banking sector further in line with international regulatory standards.
The plan, which is to be used in times of crisis, is part of the 'Key Attributes of Effective Resolution Regimes for Financial Institutions' set by the Financial Stability Board (FSB). The FSB is an international organization that monitors the global financial system and promotes financial stability and reform of fin...
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The plan, which is to be used in times of crisis, is part of the 'Key Attributes of Effective Resolution Regimes for Financial Institutions' set by the Financial Stability Board (FSB). The FSB is an international organization that monitors the global financial system and promotes financial stability and reform of fin...
Article details
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