As the resolution authority for our member institutions, PIDM is responsible for planning and executing resolution in a prompt and orderly manner in the unlikely event of a member institution failure.
Learn morePIDM has a range of powers under the PIDM Act to deal with a failing member institution. Our powers fall into two broad categories: pre-emptive and resolution powers.
Learn moreResolution planning is about being prepared before a crisis hits. It ensures there are clear and tested plans in place so that if a failure happens, it can be managed in a prompt and orderly manner.
Learn moreOne of the purposes of resolution planning is to ensure that PIDM member banks are resolvable. To be ‘resolvable’, a firm needs to have arrangements and capabilities in place so we can carry out a resolution if it fails.
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