The banking turmoil of 2023, with reference to Silicon Valley Bank (SVB) and Credit Suisse, shows how issues in a bank can escalate quickly and cause a bank failure. It underscores the importance of robust crisis preparedness for banks.

This program will consider key takeaways from BNM and PIDM’s regulatory initiative on recovery and resolution planning, which is a tool to facilitate and enhance recoverability and resolvability of Malaysian banks. It will discuss international case studies of past bank failures and how recovery and resolution planning that were implemented in other jurisdictions have contributed to the successful handling of the past failures. The program seeks to offer fresh perspectives and practical application for the Malaysian context. It will also discuss how board of directors can play a crucial role to oversee the recovery and resolution planning process towards enhancing the bank’s crisis preparedness and operational resilience over time.