Republic of Slovenia: Technical Assistance Report-Contingency Planning and Crisis Management
IMF Staff Country Reports, September 7, 2016
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- Republic of Slovenia: Technical Assistance Report-Contingency Planning and Crisis Management
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Bibliographic details
- Published: September 7, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475532203.002
Executive summary and purpose
- This Technical Assistance report makes recommendations regarding introduction of an effective framework for contingency planning and crisis management, including bank resolution and deposit guarantees, in Slovenia.
- It is recommended that a communication plan and strategy be developed, both within the Bank of Slovenia and at the national level, to speak with one voice during financial crises.
- Members of Co-ordination Group/Financial Stability Board (CG/FSB) must harmonize their efforts to carefully coordinate information, provide consistent communication to the public, and ensure that they use the same facts and assumptions.
- Whenever a crisis appears forthcoming, CG/FSB members should plan to deliver a media statement providing information in a constructive manner to reassure the public.
Key findings and recommendations
- Introduce an effective framework for contingency planning and crisis management encompassing:
- Bank resolution mechanisms.
- Deposit guarantee arrangements.
- Develop a communication plan and strategy:
- Within the Bank of Slovenia.
- At the national level to enable unified messaging during financial crises.
- Harmonize CG/FSB member actions:
- Carefully coordinate information among members.
- Provide consistent public communication.
- Use the same facts and assumptions in communications and decision-making.
- Prepare for imminent crises:
- Plan for delivery of a media statement that provides constructive information to reassure the public.
Subjects and keywords
- Subject: Bank resolution, Bank resolution framework, Bridge bank, Contingency planning, Crisis management, Financial crises
- Keywords: authority, bank, Bank resolution, Bank resolution framework, bank resolution regime, bank resolution unit, BOS contingency plan, BOS regulation, BOS staff resource, Bridge bank, Contingency planning, CR, Crisis management, FSB member, government capital, ISCR, SSM bank
Content in this bundle
- _cr16286 - Preface