Recovery, Resolution and Resilience Working Group


Strategically Important Financial Institutions (SIFIs) and Financial Market Infrastructures (FMIs) are increasingly requesting information about the recovery plans that other SIFIs/ FMIs have in place. As the questions asked by each organization are not consistent, there are challenges to being able to respond effectively and efficiently.

To assist our Members, ISSA has established a new Working Group with the aim of developing a common understanding and definition of critical functions and services, defining a standard set of materials to be shared and developing a process to test the identified criteria and foster exchange of information between FMIs and SIFIs.

Working Group Co-Chairs

Tim Reimann, Deutsche Börse AG
Greg Cracknell, Credit Suisse


  • Achieve a common understanding of critical functions and services
  • Define a standard set of materials that can be shared
  • Develop a process to test the identified criteria


White Paper “2021 Review of Critical Functions and Stress Scenarios” (02/2022) > PDF 1048 kB

Institutions Represented by Experts in the Working Group

  • Banque Lombard Odier
  • BNP Paribas Securities Services
  • Capco
  • Citi
  • Credit Suisse
  • Clearstream 
  • Depozitarul Central
  • DTCC
  • Euroclear
  • ISSA
  • National Settlement Depository Russia
  • Standard Chartered Bank
  • The Stock Exchange of Thailand / Thailand Clearing House
  • UBS