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A contingency plan, or alternate plan, also known colloquially as Plan B, is a plan devised for an outcome other than in the usual (expected) plan. [1] It is often used for risk management for an exceptional risk that, though unlikely, would have catastrophic consequences.
The OSC also must require implementation of the worst case portion of the tank vessel and Facility Response Plans and the Area Contingency Plan. Section 300.355 provides funding for responses to oil releases under the Oil Spill Liability Trust Fund, provided certain criteria are met.
The George W. Bush administration put the Continuity of Operations plan into effect for the first time directly following the September 11 attacks.Their implementation involved a rotating staff of 75 to 150 senior officials and other government workers from every federal executive department and other parts of the executive branch in two secure bunkers on the East Coast.
The contingency plan also found that the vast majority of VA employees, 96%, would be fully funded or required to report to work during a shutdown. ... Funding to agencies like the Federal ...
The European Union created a vast contingency fund in 2010 to counteract the Great Recession. [1]European finance ministers, the European Central Bank (ECB), and the International Monetary Fund (IMF) took steps to address the government debt crisis in Europe, which began in Greece by establishing a joint EU-IMF program to provide access to nearly $1 trillion in loans for the 16 eurozone ...
The U.S. State Department has for a number of days conducted contingency planning in case of a government shutdown, State Department spokesperson Matthew Miller said on Thursday. "We remain ...
Generally, these funds are released in response to extreme weather conditions or energy price increases. In the 1980s, contingency funding was only used twice. In the 1990s, it was used eight times, and since the year 2000 there has been a call for contingency funding every year.
The FDIC discuss liquidity risk management and write "Contingency funding plans should incorporate events that could rapidly affect an institution’s liquidity, including a sudden inability to securitize assets, tightening of collateral requirements or other restrictive terms associated with secured borrowings, or the loss of a large depositor ...