What is RLAP?

a. Resolution Adequacy and Positioning (RLAP) b. Resolution Liquidity Execution Need (RLEN)

What is 2052a report?

Description: The FR 2052a report collects quantitative information on selected assets, liabilities, funding activities, and contingent liabilities on a consolidated basis and by material entity subsidiary.

What is recovery and resolution planning?

The term refers to planning by a financial institution and the authorities for the eventuality the firm suffers life-threatening losses.

What is a resolution plan?

A resolution plan is a comprehensive document, which details the characteristics of a bank and describes the preferred resolution strategy for that bank, including which resolution tools to apply. It concludes with a resolvability assessment of the bank.

What is PID 2052a?

Purpose. The FR 2052a report collects data elements that will enable the Federal Reserve to assess the liquidity profile of reporting firms. FR 2052a data will be shared with the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation to monitor compliance with the LCR Rule.

What is the difference between recovery and resolution?

Recovery planning would be used when restoring the viability of the financial institution (recovery) still seems possible, while resolution planning would be used when the collapse seems inevitable.

What is Idi resolution plan?

The FDIC’s regulation “Resolution plans required for insured depository institutions with $50 billion or more in total assets,” issued in 2012 (“Rule”),1 requires an insured depository institution (“IDI”) with $50 billion or more in total assets (“CIDIs”) to submit resolution plans to the FDIC.

Is resolution plan a contract?

A resolution plan is different from a traditional contract as the Code extensively governs the form, mode, manner and effect of approval and specificity of the latter, which can bind parties without their consent.

Who prepares a resolution plan?

Ans: A resolution applicant may submit a resolution plan to the resolution professional, prepared on the basis of the information memorandum, along with an affidavit stating that he is eligible under section 29A.