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RRP, Solvent Exit and Wind Down
Regulators expect firms to have arrangements in place to recover from a stress or, in the event of the business failure, to exit the market without causing disruption or harm to customers.
The PRA expects banks and building societies to have a credible recovery plan and a resolution pack. PRA regulated firms must also produce a solvent exit analysis by October 2025; many firms have already started this project.
The FCA expects all solo-regulated firms, including investment firms, to have a wind-down plan in place and may ask for it at any time.
In our experience, banks and FCA regulated firms usually struggle to come up with a realistic plan. It is common to misjudge costs, timelines and the level of detail information needed.
At Tesaka we are experts in recovery planning, resolution and wind down planning, having provided these services for global banks and small investment firms.
Banks
If you are a bank we can:
- – Support development of recovery plan, credibility framework and management actions.
- – Help you improve your recovery capacity
- – Design and conduct recovery plan fire drill exercises.
- – Review & challenge of solvent exit analysis.
FCA Regulated Firms
If you are an FCA regulated firm we can assist you with developing your wind down plan by:
- – Providing a wind down plan template and cost analysis template.
- – Delivering training, workshops, and review & challenge services.
Wind down plan template
Cost of wind down analysis
Fire drill exercise
Recovery capacity improvement
PRA feedback remediation
Why choose Tesaka?
- Extensive industry experience in RRP
- Expertise in PRA remediation work
- 100+ wind down plans completed
- Pragmatic approach