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  1. Point in time
    2020-03-27

WDPG App 3.1 Engaging all business areas and setting up workshops

WDPG App 3.1.1 G

1All the firm’s business areas, including the front line, are affected by winding down and will bring their unique perspectives to crafting a strategy and a documented plan.

WDPG App 3.1.2 G

A sensible approach might be to set up workshops with representatives from various business areas. Each workshop will explain the principles of wind-down planning to these representatives and work with them to analyse the processes and resources of each business area.

WDPG App 3.1.3 G

These workshops will provide the knowledge, expertise, insights and data to be used in the wind-down planning exercise.

Effective

Less effective

Each business area’s needs and requirements are factored into the process to generate a wind-down plan.

Wind-down plan remains at a high level treating business processes in a one-size-fits-all approach.