It is about asking fundamental questions on what functions need to be continued and how to achieve this. Resolution planning forces authorities to consider all these aspects and it focuses the mind. Through resolution planning, the authorities can form an informed view on what is needed to ensure a bank is resolvable.
Masayoshi Amamiya: Japan's economy and monetary policy Speech by Mr Masayoshi Amamiya, Deputy Governor of the Bank of Japan, at ameeting with local leaders, Akita (via webcast), 2 December 2020.