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Guidelines on Recovery Plan of Banks, Bangko Sentral ng Pilipinas Circular No. 1158, Series of 2022 (Philippines)

Domestic Law | Policies and Regulations | 18 October 2022

The recovery plan should contain the following: 

  1. An executive summary
  2. Governance arrangements
  3. Critical functions and services
  4. Triggers and early warning indicators
  5. Restoration points
  6. Recovery options
  7. Stress scenarios
  8. Preparatory measures
  9. Testing and simulation exercises
  10. Review of the recovery plan
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