Following the industry consultation on the resolution planning exposure draft (“ED”) which took place in August 2022, Perbadanan Insurans Deposit Malaysia (“PIDM”) finalised the requirements and guidance on resolution planning for deposit-taking members.
As a follow through from recovery planning, resolution planning is an advance planning tool to strengthen DTMs' as well as PIDM’s preparedness to respond in resolution. The resolution planning approach focuses on enhancing the operational resilience of the DTM to support the execution of the resolution plan during a crisis, ensuring DTMs are resolvable, without severe impact to the financial system. Resolution planning also complements PIDM’s role in building a resilient financial sector and contributing to financial system stability in Malaysia.
A copy of the guidelines on resolution planning is available here.
A copy of the PIDM’s response to the industry feedback on ED is available here.
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