Recovery and resolution planning is part of the set of policy measures to address systemically important financial institutions that was endorsed by the G20 in November 2011 to address the problem of firms that are "too big to fail". It is required for all global systemically important financial institutions (G-SIFIs) and for any other firm assessed by national authorities as potentially having an impact on financial stability in the event of its failure. Effective recovery and resolution planning and the development of credible resolution strategies for large, cross-border firms are essential for reducing the moral hazard associated with such firms. This Guidance should assist home and host authorities in meeting the resolution planning requirements under the FSB Key Attributes of Effective Resolution Regimes for Financial Institutions.