The Single Resolution Board (SRB) today publishes an update to its operational guidance on operational continuity in resolution (OCIR). The guidance was published in July 2020, and provided clarification to banks on how to implement SRB expectations for operational continuity, as well as an indicative phasing-in timetable. The updated document gives more details on topics related to financial resilience and staffing (new sections 3.4.4 and 3.4.5).
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