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TC note discusses the most significant principles related to exit decisions
Toronto Centre Note pulls together the most significant principles related to exit decisions, including those providing the foundation for an exit decision that may ultimately be required. It is intended to help supervisory authorities, especially in jurisdictions where in-house resources are not extensive, to put in place an exit policy that will serve as a pragmatic guide to taking action to deal with failing financial institutions efficiently and confidently when the need arises. The Note also discusses the challenges of determining when an institution may be approaching a state of non-viability or be non-viable.
Publisher:
Toronto Centre
Release date:
Oct 2020
Type:
TC Notes
Peer:
Recovery Planning , Resolution: Implications for Supervisors
Topics:
Recovery and resolution
Sectors:
Banking, Insurance, Pensions, Securities
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