OCC deputy urges banks: take resolution planning seriously

Banks must not see their resolution-planning process as a check-box exercise just to satisfy regulators, warns Ron Pasch, deputy comptroller for international banking supervision at the Office of the Comptroller of the Currency.

Pasch told the Annual Risk Management convention run by the Global Association of Risk Professionals in New York this week that financial institutions must integrate their resolution plans throughout the organisation.

"I would hope that institutions are not thinking