Other resolution toolkit features Next to the four resolution instruments, the resolution toolkit also provides another crucial feature: the possibility to conduct resolution planning. We will prepare a resolution plan for insurers that pass the public interest test. I’ll go into more detail about this test later on. The resolution plan identifies possible impediments to resolution.
BIS Review 162/2009  5  Although the sources of the crisis were extraordinarily complex and numerous, a fundamental cause was that many financial firms simply did not appreciate the risks they were taking. Their risk-management systems were inadequate and their capital and liquidity buffers insufficient. Unfortunately, neither the firms nor the regulators identified and remedied many of the weaknesses soon enough.