Guidance to Support Continuity in Resolution

This Guidance should assist supervisory and resolution authorities to evaluate whether firms that are subject to resolution planning requirements have appropriate arrangements to support operational continuity. It supports the objectives of the FSB Key Attributes of Effective Resolution Regimes for Financial Institutions, which specify that resolution regimes should, among other things, ensure continuity of systemically important functions of a firm in resolution. In particular, attention is drawn to the concept of operational continuity, meaning the ability to continue critical shared services that are necessary to maintain the provision, or facilitate the orderly wind down of the relevant firm’s critical functions.