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Banking risk management survey 2012 – EY – Banking & Capital Markets - EY - Global

Bank risk management survey 2012

Recovery and resolution planning

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“It’s a work in progress because everybody is trying to learn on the job.”

Recovery and resolution is an evolving process for the banking and financial services industry. Due to varied regulatory implementation speeds, different jurisdictions have taken different planning actions.

Recovery plans, established for firms to use a series of predefined options to pull back from severe weaknesses, are more developed than resolution plans, especially in Europe and North America. For example, 64% have completed draft recovery plans, which on average take six months to one year to complete.

Those firms that have completed recovery plans did so within one year


Those firms that have completed recovery plans did so within one year

CROs and risk teams are the main drivers of recovery and resolution planning. Given the factors of deadline uncertainty, variation in plan development and execution across the borders, many believe the recovery process is a beneficial management exercise.

Top challenges to recovery and resolution planning


Top challenges to recovery and resolution planning

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Contacts

  • Bill Schlich
    Global Banking & Capital Markets Leader
    +1 212 773 3233
  • Patricia Jackson
    Head of Financial Regulatory Advice for EMEIA Financial Services
    +44 20 7951 7564
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