{"id":58014,"date":"2022-02-13T11:39:04","date_gmt":"2022-02-13T10:39:04","guid":{"rendered":"https:\/\/rivacon.com\/?p=58014"},"modified":"2024-11-28T16:09:03","modified_gmt":"2024-11-28T15:09:03","slug":"preparation-recovery-plan","status":"publish","type":"post","link":"https:\/\/rivacon.com\/en\/references\/banks\/preparation-recovery-plan\/","title":{"rendered":"Preparation Recovery Plan"},"content":{"rendered":"\n

<\/path><\/svg><\/span>Initial Situation<\/span><\/h2>\n\n\n\n

In order to comply with its regulatory requirements, in particular the German Recovery and Resolution Act (Sanierungs- und Abwicklungsgesetz), a German automotive bank with a parent company outside the EU had to prepare a recovery plan in accordance with EU Directive 2014\/59\/EU. As a Less Significant Institution (LSI), it is subject to simplified requirements, i.e. it can make use of the facilitations according to the Minimum Requirements for Recovery Plans (MaSanV).<\/p>\n\n\n\n

<\/path><\/path><\/path><\/path><\/path><\/g><\/path><\/path><\/path><\/path><\/g><\/path><\/path><\/path><\/path><\/g><\/path><\/path><\/path><\/path><\/g><\/svg><\/span>Project Scope<\/span><\/h2>\n\n\n\n
    \n
  • Preparation of a recovery plan including
    • Strategic analysis of business model as well as organisational and operational structure<\/li><\/ul>
      • Description of corporate governance<\/li><\/ul>
        • Selection of recovery plan indicators including appropriate trigger values<\/li><\/ul>\n
            \n
          • Definition of recovery options<\/li>\n<\/ul>\n<\/li>\n\n\n\n
          • Alignment of recovery plan with parent company<\/li>\n\n\n\n
          • Notification to the Federal Financial Supervisory Authority (BaFin)<\/li>\n<\/ul>\n\n\n\n

            <\/path> <\/path> <\/svg><\/span>Our Contribution<\/span><\/h2>\n\n\n\n
              \n
            • Supporting the preparation of the recovery plan by
              • Researching and preparing relevant information<\/li><\/ul>
                • Suggesting selected recovery indicators<\/li><\/ul>
                  • Identifying potential recovery options<\/li><\/ul>\n
                      \n
                    • Developing a tool for the quantitative estimation of individual recovery options\u2018 effects on the selected recovery plan indicators<\/li>\n<\/ul>\n<\/li>\n\n\n\n
                    • Coordinating alignments within the Bank and the Group<\/li>\n\n\n\n
                    • Filling in the template provided by BaFin<\/li>\n\n\n\n
                    • Documenting the underlying reasonings<\/li>\n\n\n\n
                    • Supporting the supervisory reporting process<\/li>\n<\/ul>\n\n\n\n

                      <\/path><\/path><\/path><\/path><\/path><\/path><\/path><\/path><\/svg><\/span>Customer Benefit<\/span><\/h2>\n\n\n\n

                      By the end of the project, the recovery plan<\/strong> had been uploaded <\/strong>and thus the corresponding regulatory requirement<\/strong> been fulfilled <\/strong>in due time. The recapitalisation amount was set at zero by BaFin.<\/p>\n\n\n\n

                      <\/path><\/svg><\/span>Relevant Skills\/Tools<\/span><\/h2>\n\n\n\n
                        \n
                      • Solid knowledge of regulatory requirements regarding recovery plans<\/li>\n\n\n\n
                      • Good understanding of the business model of an automotive captive<\/li>\n\n\n\n
                      • Sound know-how of the relevant control parameters<\/li>\n\n\n\n
                      • Microsoft Excel<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

                        Preparation of a recovery plan for a leasing bank compliant with MaSanV, considering the simplified requirements for an LSI.<\/p>\n","protected":false},"author":3,"featured_media":82349,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"","_seopress_titles_desc":"Preparation of a recovery plan for a leasing bank compliant with MaSanV, considering the simplified requirements for an LSI.","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","_seopress_news_disabled":"","_seopress_video_disabled":"","_seopress_video":[],"_seopress_pro_schemas_manual":[],"_seopress_pro_rich_snippets_disable_all":"","_seopress_pro_rich_snippets_disable":[],"_seopress_pro_schemas":[],"footnotes":""},"categories":[18],"tags":[],"class_list":["post-58014","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banks","infinite-scroll-item","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50","resize-featured-image"],"_links":{"self":[{"href":"https:\/\/rivacon.com\/en\/wp-json\/wp\/v2\/posts\/58014","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rivacon.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rivacon.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rivacon.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/rivacon.com\/en\/wp-json\/wp\/v2\/comments?post=58014"}],"version-history":[{"count":2,"href":"https:\/\/rivacon.com\/en\/wp-json\/wp\/v2\/posts\/58014\/revisions"}],"predecessor-version":[{"id":82673,"href":"https:\/\/rivacon.com\/en\/wp-json\/wp\/v2\/posts\/58014\/revisions\/82673"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rivacon.com\/en\/wp-json\/wp\/v2\/media\/82349"}],"wp:attachment":[{"href":"https:\/\/rivacon.com\/en\/wp-json\/wp\/v2\/media?parent=58014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rivacon.com\/en\/wp-json\/wp\/v2\/categories?post=58014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rivacon.com\/en\/wp-json\/wp\/v2\/tags?post=58014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}