RAF By PRA For Resolution And Recovery Planning | RRP | Banking regulatory update
Tuesday, January 15, 2019
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ChartAcc.com - RAF is Resolvability Assessment Framework. This is a recent development of PRA on regulation for resolution of a bank in UK . The need of this framework is to ensure followings:
- Transparency in resolution
- Disclosures required
- Helping the bank to fail in orderly way
- Resolution time lines and barriers
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