We now assess detailed recovery options, scope and timelines for action for each bank.12 We have financial impact assessments and feasibility assessments which include financial, operational, reputational, legal and business model risks, as well as a consideration of a 4/7  BIS central bankers' speeches  much wider range of factors.
Plans are required to include the assumptions underlying effects, governance and implementation, impact on critical shared services, critical functions and core business lines, impact on stakeholders and systemic consequences, communications plans, and preparatory measures. Last year, ECB Banking Supervision undertook a review of recovery plans to learn from best practice and experience to help further shape operational success of plans going forward.