However, I feel strongly that any such guidance should resist taking an overly prescriptive approach. Business resumption planning is not a "one size fits all" task. We want to encourage the industry to take advantage of rapidly evolving technologies and alternatives. In short, regulators need to balance competing issues.
This would strengthen institutions’ ability to weather 5  BIS Review 76/2000  deteriorating economic conditions, when access to external financing becomes more costly and constrained. Moreover, by leaning against the wind, it could reduce the amplitude of the financial cycle, thereby limiting the risk of financial distress in the first place. The reasoning is very familiar to macro-economists.