Recovery plans

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+ '//' + location.host + location.pathname+((document.location.search.search(/\?youtubeID=[a-zA-Z0-9_-]+$/)!=-1&&document.location.search)||''),'_blank','width=600,height=400,menubar=no')" title="Share on LinkedIn"></a></li> <li class="-email"><a href="javascript:window.open('mailto:?subject=I would like to share this link with you&body=Link to the website of the European Central Bank: '+location.protocol + '//' + location.host + location.pathname+((document.location.search.search(/\?youtubeID=[a-zA-Z0-9_-]+$/)!=-1&&document.location.search)||''))" title="Share by Email"></a></li> </ul> </div> </aside> <main >  <div class="title"> <h1>Recovery plans</h1> </div> <div class="section"> <p>Recovery plans ensure that banks are prepared to restore their viability in a timely manner even in periods of severe financial stress. Banks under the direct supervision of the ECB are required to draft and maintain recovery plans and to submit them annually for assessment. Recovery plans are a key element of the European crisis management framework. </p> </div> <div class="splitter -top-arrow -euro-watermark"> <div class="content-box"> <p>The ECB supports banks in their recovery planning and engages in open and transparent dialogue with them.</p> </div> </div> <div class="boxes"> <div class="box"> <div data-image="index/benchmarking_1000x750.jpg" data-image-webp="index/benchmarking_1000x750.webp"></div> <div class="content-box"> <h3>Benchmarking of recovery plans</h3> <p>The benchmarking analysis of the 2019/20 recovery plan cycle looks at key characteristics of the plans and identifies areas for improvement. The benchmarking encompasses plans assessed until July 2020. </p> <a href="/ecb/pub/pdf/ssm.benchmarkingofrecoveryplans201920~dfca218f04.en.pdf">Benchmarking of recovery plans (cycle 2019/20)</a> </div> </div> <div class="box"> <div data-image="index/newsletter_1000x750.jpg" data-image-webp="index/newsletter_1000x750.webp"></div> <div class="content-box"> <h3>Newsletter article on the impact of the pandemic</h3> <p>The pandemic has put banks’ recovery plans to the test. But to weather a system-wide storm of this kind, banks need to improve crucial parts of their recovery plans, as the ECB found in its most recent benchmarking exercise.</p> <a href="/press/supervisory-newsletters/newsletter/2021/html/ssm.nl210217.en.html">Supervision Newsletter article: COVID-19 exposes weaknesses in banks’ recovery plans</a> </div> </div> <div class="box"> <div data-image="index/report_1000x750.jpg" data-image-webp="index/report_1000x750.webp"></div> <div class="content-box"> <h3>ECB Report on recovery plans</h3> <p>The report, written after three successive cycles of recovery plan assessments, presents the ECB’s lessons learned and some best practices observed in five key areas: recovery options, overall recovery capacity, recovery indicators, playbooks and dry runs. It aims to help significant institutions further improve their plans and make them more operational.</p> <a href="/ecb/pub/pdf/ssm.reportrecoveryplans201807.en.pdf">ECB Report on recovery plans</a> </div> </div> </div> <div class="carousel"> <h3>WANT TO LEARN MORE?</h3> <p>CHECK OUT OUR OTHER PUBLICATIONS</p> <div class="arrow-left"></div> <div class="items"> <div class="item"> <a href="/ecb/pub/pdf/ssm.benchmarkingofrecoveryplans201920~dfca218f04.en.pdf" > <p class="date">13 April 2021</p> <p class="title">Benchmarking of recovery plans (cycle 2019/20)</p> </a> </div> <div class="item"> <a href="/press/supervisory-newsletters/newsletter/2021/html/ssm.nl210217.en.html" > <p class="date">17 February 2021</p> <p class="title">COVID-19 exposes weaknesses in banks’ recovery plans (Supervision newsletter article)</p> </a> </div> <div class="item"> <a href="/ecb/pub/pdf/ssm.benchmarkingofrecoveryplans201819~41e5f3c8e4.en.pdf" > <p class="date">12 February 2020</p> <p class="title">Benchmarking of recovery plans (cycle 2018/19)</p> </a> </div> <div class="item"> <a href="/press/supervisory-newsletters/newsletter/2020/html/ssm.nl200212_3.en.html" > <p class="date">12 February 2020</p> <p class="title">Benchmarking for better recovery plans (Supervision newsletter article)</p> </a> </div> <div class="item"> <a href="/press/supervisory-newsletters/newsletter/2019/html/ssm.nl190814_3.en.html" > <p class="date">14 August 2019</p> <p class="title">Overall recovery capacity: getting it right (Supervision newsletter article)</p> </a> </div> <div class="item"> <a href="/press/supervisory-newsletters/newsletter/2018/html/ssm.nl180815_2.en.html" > <p class="date">15 August 2018</p> <p class="title">Recovery planning: the ECB experience (Supervision newsletter article)</p> </a> </div> <div class="item"> <a href="/ecb/pub/pdf/ssm.reportrecoveryplans201807.en.pdf" > <p class="date">3 July 2018</p> <p class="title">Report on recovery plans</p> </a> </div> <div class="item"> <a href="/press/supervisory-newsletters/newsletter/2017/html/ssm.nl171115_4.en.html" > <p class="date">15 November 2017</p> <p class="title">Recovery and resolution: banks need to be prepared (Supervision newsletter article)</p> </a> </div> </div> <div class="arrow-right"></div> </div> <div class="see-also-boxes -align-center -one-column"> <div class="headline">SEE ALSO</div> <h2>Find out more about related content</h2> <div class="container"> <div class="content-box"> <div data-image="index/srep_800x450.jpg" data-image-webp="index/srep_800x450.webp"></div> <h3></h3> <a href="/activities/srep/html/index.en.html">The Supervisory Review and Evaluation Process</a> </div> </div> </div> <div class="in-this-section" id="pages-in-section-holder"> <h3>All pages in this section</h3> <div class="content-box"> </div> </div> </main> </div> <div id="feedback" class="hidden"> <div class="content-box"> <div class="initial"> <div class="title">Are you happy with this page?</div> <a 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