In my view there are three areas of priority when it comes to ensuring banks are ready to implement the resolution strategy. It is perhaps not surprising that two of those are in the domain of data availability in resolution.
I am referring to centralizing contract management for critical service contracts in the context of operational continuity, and ensuring good quality data for valuation purposes. If this data is not quickly and easily accessible, implementing resolution in a short timeframe is extremely difficult. The other priority area is understanding how financial market infrastructure will react if the bank is in resolution.