Bank Negara Malaysia (the Bank) today issued the exposure draft on Recovery Planning. The exposure draft sets out the Bank's expectations and policy requirements on the development and maintenance of recovery plans for financial institutions. Under the proposed framework, each financial institution will be required to identify and plan for the execution of a suite of recovery options to restore its long-term viability under a range of idiosyncratic and system-wide stress events.
The Bank invites written feedback on the proposed requirements, including suggestions on areas to be clarified and alternative proposals that the Bank should consider.
Responses must be submitted to the Bank by 31 March 2020.
Find out more: Exposure Draft on Recovery Planning
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Central Bank of Malaysia published this content on 17 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 January 2020 09:08:01 UTC
