View the Standard
The Guidance complements the guidance on recovery plans set out in Annex III to the Key Attributes. It should assist Crisis Management Groups (CMGs) as they work towards implementing the G-SIFI requirements, while also supporting individual authorities seeking to build on initial recovery plan iterations. It focuses on the design and nature of criteria triggering senior management consideration of recovery actions (“triggers”), a firm’s reactions to breached triggers, and engagement by supervisory and resolution authorities following breached triggers; and the severity of hypothetical stress scenarios and the design of stress scenarios more generally.