Directive 2014/59 - Framework for the recovery and resolution of credit institutions and investment firms

Please note

This page contains a limited version of this dossier in the EU Monitor.

Contents

  1. Current status
  2. Key information
  3. Key dates
  4. Legislative text
  5. Original proposal
  6. Sources and disclaimer
  7. Full version
  8. EU Monitor

1.

Current status

This directive was in effect from July  2, 2014 until July 19, 2017 and should have been implemented in national regulation on December 31, 2014 at the latest.

2.

Key information

official title

Directive 2014/59/EU of the European Parliament and of the Council of 15 May 2014 establishing a framework for the recovery and resolution of credit institutions and investment firms and amending Council Directive 82/891/EEC, and Directives 2001/24/EC, 2002/47/EC, 2004/25/EC, 2005/56/EC, 2007/36/EC, 2011/35/EU, 2012/30/EU and 2013/36/EU, and Regulations (EU) No 1093/2010 and (EU) No 648/2012, of the European Parliament and of the Council Text with EEA relevance
 
Legal instrument Directive
Number legal act Directive 2014/59
Original proposal COM(2012)280 EN
CELEX number321 32014L0059

3.

Key dates

Document 15-05-2014
Publication in Official Journal 12-06-2014; OJ L 173 p. 190-348
Effect 02-07-2014; Entry into force Date pub. +20 See Art 131
01-01-2015; Application Partial application See Art 131
Deadline 01-06-2018; Review
End of validity 19-07-2017; Partial end of validity Art. 116 Implicitly repealed by 32017L1132
19-07-2017; Partial end of validity Art. 120 Implicitly repealed by 32017L1132
19-07-2017; Partial end of validity Art. 122 Implicitly repealed by 32017L1132
19-07-2017; Partial end of validity Art. 123 Implicitly repealed by 32017L1132
31-12-9999
Transposition 31-12-2014; At the latest See Art 130

4.

Legislative text

12.6.2014   

EN

Official Journal of the European Union

L 173/190
 

DIRECTIVE 2014/59/EU OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL

of 15 May 2014

establishing a framework for the recovery and resolution of credit institutions and investment firms and amending Council Directive 82/891/EEC, and Directives 2001/24/EC, 2002/47/EC, 2004/25/EC, 2005/56/EC, 2007/36/EC, 2011/35/EU, 2012/30/EU and 2013/36/EU, and Regulations (EU) No 1093/2010 and (EU) No 648/2012, of the European Parliament and of the Council

(Text with EEA relevance)

THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE EUROPEAN UNION,

Having regard to the Treaty on the Functioning of the European Union, and in particular Article 114 thereof,

Having regard to the proposal from the European Commission,

After transmission of the draft legislative act to the national parliaments,

Having regard to the opinion of the European Central Bank (1),

Having regard to the opinion of the European Economic and Social Committee (2),

Acting in accordance with the ordinary legislative procedure (3),

Whereas:

 

(1)

The financial crisis has shown that there is a significant lack of adequate tools at Union level to deal effectively with unsound or failing credit institutions and investment firms (‘institutions’). Such tools are needed, in particular, to prevent insolvency or, when insolvency occurs, to minimise negative repercussions by preserving the systemically important functions of the institution concerned. During the crisis, those challenges were a major factor that forced Member States to save institutions using taxpayers’ money. The objective of a credible recovery and resolution framework is to obviate the need for such action to the greatest extent possible.
 

(2)

The financial crisis was of systemic dimension in the sense that it affected the access to funding of a large proportion of credit institutions. To avoid failure, with consequences for the overall economy, such a crisis necessitates measures aiming to secure access to funding under equivalent conditions for all credit institutions that are otherwise solvent. Such measures involve liquidity support from central banks and guarantees from Member States for securities issued by solvent credit institutions.
 

(3)

Union financial markets are highly integrated and interconnected with many institutions operating extensively beyond national borders. The failure of a cross-border institution is likely to affect the stability of financial markets in the different Member States in which it operates. The inability of Member States to seize control of a failing institution and resolve it in a way that effectively prevents broader systemic damage can undermine Member States’ mutual trust and the credibility of the internal market in the field of financial services. The stability of financial markets is, therefore, an essential condition for the establishment and functioning of the internal market.
 

(4)

There is currently no harmonisation of the procedures for resolving institutions at Union level. Some Member States apply to institutions the same procedures that they apply to other insolvent enterprises, which in certain cases have been adapted for institutions. There are considerable substantial and procedural differences between the laws, regulations and administrative provisions which govern the insolvency of institutions in the Member States. In addition, the financial crisis has exposed the fact that general corporate insolvency procedures may not always be appropriate for institutions as they may not always ensure sufficient speed of intervention, the continuation of the critical functions of institutions and the preservation of financial stability.
 

(5)

A regime is therefore needed to provide authorities with a credible set of tools to intervene sufficiently early and quickly in an unsound or failing...


More

This text has been adopted from EUR-Lex.

5.

Original proposal

 

6.

Sources and disclaimer

For further information you may want to consult the following sources that have been used to compile this dossier:

This dossier is compiled each night drawing from aforementioned sources through automated processes. We have invested a great deal in optimising the programming underlying these processes. However, we cannot guarantee the sources we draw our information from nor the resulting dossier are without fault.

 

7.

Full version

This page is also available in a full version containing the summary of legislation, de geconsolideerde versie, the legal context, de Europese rechtsgrond, other dossiers related to the dossier at hand, the related cases of the European Court of Justice and finally consultations relevant to the dossier at hand.

The full version is available for registered users of the EU Monitor by ANP and PDC Informatie Architectuur.

8.

EU Monitor

The EU Monitor enables its users to keep track of the European process of lawmaking, focusing on the relevant dossiers. It automatically signals developments in your chosen topics of interest. Apologies to unregistered users, we can no longer add new users.This service will discontinue in the near future.

  • 1. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 2. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 3. 
    The extent to which the governance structure of the institution or the group is adequate for managing and ensuring compliance with the institution or group
     
  • 4. 
    Where the group uses intra-group guarantees, the extent to which those guarantees are provided at market conditions and the risk management systems concerning those guarantees are robust
     
  • 5. 
    The extent to which the institution or group has established adequate processes to ensure that it provides the resolution authorities the information necessary to identify depositors and the amounts covered by the deposit guarantee schemes
     
  • 6. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 7. 
    The extent to which the use of intra-group guarantees or back to back booking transactions increases contagion across the group
     
  • 8. 
    The extent to which the use of intra-group guarantees or back to back booking transactions increases contagion across the group
     
  • 9. 
    Whether third country authorities have the resolution tools necessary to support resolution actions by Union resolution authorities, and the scope for co-ordinated action between Union and third country authorities
     
  • 10. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 11. 
    The extent to which there are arrangements in place to provide for essential staff, infrastructure, funding, liquidity and capital to support and maintain the core business lines and the critical operations
     
  • 12. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 13. 
    The extent to which the service agreements that the institution or the group maintains are fully enforceable in the event of resolution of the institution or the group
     
  • 14. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 15. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 16. 
    Where the group engages in back to back transactions, the extent to which those transactions are performed at market conditions and the risk management systems concerning those transactions practices are robust
     
  • 17. 
    The extent to which the legal structure of the group inhibits the application of the resolution tools as a result of the number of legal entities, the complexity of the group structure or the difficulty in aligning business lines to group entities
     
  • 18. 
    The extent to which the service agreements that the institution or the group maintains are fully enforceable in the event of resolution of the institution or the group
     
  • 19. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 20. 
    The extent to which the service agreements that the institution or the group maintains are fully enforceable in the event of resolution of the institution or the group
     
  • 21. 
    The extent to which the institution or the group has tested its management information systems under stress scenarios defined by the resolution authority
     
  • 22. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 23. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 24. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 25. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 26. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 27. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 28. 
    The extent to which the governance structure of the institution or the group is adequate for managing and ensuring compliance with the institution or group
     
  • 29. 
    The extent to which there are arrangements in place to provide for essential staff, infrastructure, funding, liquidity and capital to support and maintain the core business lines and the critical operations
     
  • 30. 
    The extent to which the governance structure of the institution or the group is adequate for managing and ensuring compliance with the institution or group
     
  • 31. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 32. 
    The extent to which the service agreements that the institution or the group maintains are fully enforceable in the event of resolution of the institution or the group
     
  • 33. 
    The extent to which the service agreements that the institution or the group maintains are fully enforceable in the event of resolution of the institution or the group
     
  • 34. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 35. 
    The extent to which the service agreements that the institution or the group maintains are fully enforceable in the event of resolution of the institution or the group
     
  • 36. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 37. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 38. 
    The extent to which there are arrangements in place to provide for essential staff, infrastructure, funding, liquidity and capital to support and maintain the core business lines and the critical operations
     
  • 39. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 40. 
    The extent to which there are arrangements in place to provide for essential staff, infrastructure, funding, liquidity and capital to support and maintain the core business lines and the critical operations
     
  • 41. 
    The extent to which there are arrangements in place to provide for essential staff, infrastructure, funding, liquidity and capital to support and maintain the core business lines and the critical operations
     
  • 42. 
    The extent to which there are arrangements in place to provide for essential staff, infrastructure, funding, liquidity and capital to support and maintain the core business lines and the critical operations
     
  • 43. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 44. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 45. 
    The extent to which there are arrangements in place to provide for essential staff, infrastructure, funding, liquidity and capital to support and maintain the core business lines and the critical operations
     
  • 46. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 47. 
    The extent to which there are arrangements in place to provide for essential staff, infrastructure, funding, liquidity and capital to support and maintain the core business lines and the critical operations
     
  • 48. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 49. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 50. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 51. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 52. 
    The extent to which there are arrangements in place to provide for essential staff, infrastructure, funding, liquidity and capital to support and maintain the core business lines and the critical operations
     
  • 53. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 54. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 55. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 56. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 57. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 58. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 59. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 60. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 61. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 62. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 63. 
    The extent to which the service agreements that the institution or the group maintains are fully enforceable in the event of resolution of the institution or the group
     
  • 64. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 65. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 66. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 67. 
    The extent to which there are arrangements in place to provide for essential staff, infrastructure, funding, liquidity and capital to support and maintain the core business lines and the critical operations
     
  • 68. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 69. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 70. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 71. 
    The extent to which the service agreements that the institution or the group maintains are fully enforceable in the event of resolution of the institution or the group
     
  • 72. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 73. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 74. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 75. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 76. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 77. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 78. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 79. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 80. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 81. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 82. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 83. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 84. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 85. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 86. 
    The extent to which the governance structure of the institution or the group is adequate for managing and ensuring compliance with the institution or group
     
  • 87. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 88. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 89. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 90. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 91. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 92. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 93. 
    The extent to which the governance structure of the institution or the group is adequate for managing and ensuring compliance with the institution or group
     
  • 94. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 95. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 96. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 97. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 98. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 99. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 100. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 101. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 102. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 103. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 104. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 105. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 106. 
    Where the group engages in back to back transactions, the extent to which those transactions are performed at market conditions and the risk management systems concerning those transactions practices are robust
     
  • 107. 
    The extent to which there are contingency plans in place to ensure continuity in access to payment and settlement systems
     
  • 108. 
    The extent to which the governance structure of the institution or the group is adequate for managing and ensuring compliance with the institution or group
     
  • 109. 
    The extent to which the institution or the group has a process for transitioning the services provided under service level agreements to third parties in the event of the separation of critical functions or of core business lines
     
  • 110. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 111. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 112. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 113. 
    The extent to which the governance structure of the institution or the group is adequate for managing and ensuring compliance with the institution or group
     
  • 114. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 115. 
    The extent to which the governance structure of the institution or the group is adequate for managing and ensuring compliance with the institution or group
     
  • 116. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 117. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 118. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 119. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 120. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 121. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 122. 
    The extent to which the service agreements that the institution or the group maintains are fully enforceable in the event of resolution of the institution or the group
     
  • 123. 
    The extent to which the service agreements that the institution or the group maintains are fully enforceable in the event of resolution of the institution or the group
     
  • 124. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 125. 
    The extent to which the governance structure of the institution or the group is adequate for managing and ensuring compliance with the institution or group
     
  • 126. 
    The extent to which the institution or the group has a process for transitioning the services provided under service level agreements to third parties in the event of the separation of critical functions or of core business lines
     
  • 127. 
    The extent to which there are arrangements in place to provide for essential staff, infrastructure, funding, liquidity and capital to support and maintain the core business lines and the critical operations
     
  • 128. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 129. 
    The extent to which there are arrangements in place to provide for essential staff, infrastructure, funding, liquidity and capital to support and maintain the core business lines and the critical operations
     
  • 130. 
    The extent to which there are arrangements in place to provide for essential staff, infrastructure, funding, liquidity and capital to support and maintain the core business lines and the critical operations
     
  • 131. 
    The extent to which there are arrangements in place to provide for essential staff, infrastructure, funding, liquidity and capital to support and maintain the core business lines and the critical operations
     
  • 132. 
    The extent to which the governance structure of the institution or the group is adequate for managing and ensuring compliance with the institution or group
     
  • 133. 
    The extent to which the governance structure of the institution or the group is adequate for managing and ensuring compliance with the institution or group
     
  • 134. 
    The extent to which the governance structure of the institution or the group is adequate for managing and ensuring compliance with the institution or group
     
  • 135. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 136. 
    The extent to which the service agreements that the institution or the group maintains are fully enforceable in the event of resolution of the institution or the group
     
  • 137. 
    The adequacy of the management information systems in ensuring that the resolution authorities are able to gather accurate and complete information regarding the core business lines and critical operations so as to facilitate rapid decision making
     
  • 138. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 139. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 140. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 141. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 142. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 143. 
    The extent to which there are arrangements in place to provide for essential staff, infrastructure, funding, liquidity and capital to support and maintain the core business lines and the critical operations
     
  • 144. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 145. 
    The extent to which the service agreements that the institution or the group maintains are fully enforceable in the event of resolution of the institution or the group
     
  • 146. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 147. 
    The extent to which there are arrangements in place to provide for essential staff, infrastructure, funding, liquidity and capital to support and maintain the core business lines and the critical operations
     
  • 148. 
    The extent to which the service agreements that the institution or the group maintains are fully enforceable in the event of resolution of the institution or the group
     
  • 149. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 150. 
    The extent to which the governance structure of the institution or the group is adequate for managing and ensuring compliance with the institution or group
     
  • 151. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 152. 
    The extent to which the service agreements that the institution or the group maintains are fully enforceable in the event of resolution of the institution or the group
     
  • 153. 
    The extent to which there are arrangements in place to provide for essential staff, infrastructure, funding, liquidity and capital to support and maintain the core business lines and the critical operations
     
  • 154. 
    The extent to which the service agreements that the institution or the group maintains are fully enforceable in the event of resolution of the institution or the group
     
  • 155. 
    The extent to which there are arrangements in place to provide for essential staff, infrastructure, funding, liquidity and capital to support and maintain the core business lines and the critical operations
     
  • 156. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 157. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 158. 
    The extent to which the institution or the group has a process for transitioning the services provided under service level agreements to third parties in the event of the separation of critical functions or of core business lines
     
  • 159. 
    The extent to which the institution or the group has a process for transitioning the services provided under service level agreements to third parties in the event of the separation of critical functions or of core business lines
     
  • 160. 
    The extent to which there are arrangements in place to provide for essential staff, infrastructure, funding, liquidity and capital to support and maintain the core business lines and the critical operations
     
  • 161. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 162. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 163. 
    The extent to which the governance structure of the institution or the group is adequate for managing and ensuring compliance with the institution or group
     
  • 164. 
    Where the group uses intra-group guarantees, the extent to which those guarantees are provided at market conditions and the risk management systems concerning those guarantees are robust
     
  • 165. 
    The extent to which the institution or group has established adequate processes to ensure that it provides the resolution authorities the information necessary to identify depositors and the amounts covered by the deposit guarantee schemes
     
  • 166. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 167. 
    The extent to which the use of intra-group guarantees or back to back booking transactions increases contagion across the group
     
  • 168. 
    The extent to which the use of intra-group guarantees or back to back booking transactions increases contagion across the group
     
  • 169. 
    Whether third country authorities have the resolution tools necessary to support resolution actions by Union resolution authorities, and the scope for co-ordinated action between Union and third country authorities
     
  • 170. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 171. 
    The extent to which there are arrangements in place to provide for essential staff, infrastructure, funding, liquidity and capital to support and maintain the core business lines and the critical operations
     
  • 172. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 173. 
    The extent to which the service agreements that the institution or the group maintains are fully enforceable in the event of resolution of the institution or the group
     
  • 174. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 175. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 176. 
    Where the group engages in back to back transactions, the extent to which those transactions are performed at market conditions and the risk management systems concerning those transactions practices are robust
     
  • 177. 
    The extent to which the legal structure of the group inhibits the application of the resolution tools as a result of the number of legal entities, the complexity of the group structure or the difficulty in aligning business lines to group entities
     
  • 178. 
    The extent to which the service agreements that the institution or the group maintains are fully enforceable in the event of resolution of the institution or the group
     
  • 179. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 180. 
    The extent to which the service agreements that the institution or the group maintains are fully enforceable in the event of resolution of the institution or the group
     
  • 181. 
    The extent to which the institution or the group has tested its management information systems under stress scenarios defined by the resolution authority
     
  • 182. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 183. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 184. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 185. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 186. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 187. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 188. 
    The extent to which the governance structure of the institution or the group is adequate for managing and ensuring compliance with the institution or group
     
  • 189. 
    The extent to which there are arrangements in place to provide for essential staff, infrastructure, funding, liquidity and capital to support and maintain the core business lines and the critical operations
     
  • 190. 
    The extent to which the governance structure of the institution or the group is adequate for managing and ensuring compliance with the institution or group
     
  • 191. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 192. 
    The extent to which the service agreements that the institution or the group maintains are fully enforceable in the event of resolution of the institution or the group
     
  • 193. 
    The extent to which the service agreements that the institution or the group maintains are fully enforceable in the event of resolution of the institution or the group
     
  • 194. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 195. 
    The extent to which the service agreements that the institution or the group maintains are fully enforceable in the event of resolution of the institution or the group
     
  • 196. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 197. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 198. 
    The extent to which there are arrangements in place to provide for essential staff, infrastructure, funding, liquidity and capital to support and maintain the core business lines and the critical operations
     
  • 199. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 200. 
    The extent to which there are arrangements in place to provide for essential staff, infrastructure, funding, liquidity and capital to support and maintain the core business lines and the critical operations
     
  • 201. 
    The extent to which there are arrangements in place to provide for essential staff, infrastructure, funding, liquidity and capital to support and maintain the core business lines and the critical operations
     
  • 202. 
    The extent to which there are arrangements in place to provide for essential staff, infrastructure, funding, liquidity and capital to support and maintain the core business lines and the critical operations
     
  • 203. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 204. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 205. 
    The extent to which there are arrangements in place to provide for essential staff, infrastructure, funding, liquidity and capital to support and maintain the core business lines and the critical operations
     
  • 206. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 207. 
    The extent to which there are arrangements in place to provide for essential staff, infrastructure, funding, liquidity and capital to support and maintain the core business lines and the critical operations
     
  • 208. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 209. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 210. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 211. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 212. 
    The extent to which there are arrangements in place to provide for essential staff, infrastructure, funding, liquidity and capital to support and maintain the core business lines and the critical operations
     
  • 213. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 214. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 215. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 216. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 217. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 218. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 219. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 220. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 221. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 222. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 223. 
    The extent to which the service agreements that the institution or the group maintains are fully enforceable in the event of resolution of the institution or the group
     
  • 224. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 225. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 226. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 227. 
    The extent to which there are arrangements in place to provide for essential staff, infrastructure, funding, liquidity and capital to support and maintain the core business lines and the critical operations
     
  • 228. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 229. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 230. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 231. 
    The extent to which the service agreements that the institution or the group maintains are fully enforceable in the event of resolution of the institution or the group
     
  • 232. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 233. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 234. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 235. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 236. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 237. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 238. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 239. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 240. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 241. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 242. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 243. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 244. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 245. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 246. 
    The extent to which the governance structure of the institution or the group is adequate for managing and ensuring compliance with the institution or group
     
  • 247. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 248. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 249. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 250. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 251. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 252. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 253. 
    The extent to which the governance structure of the institution or the group is adequate for managing and ensuring compliance with the institution or group
     
  • 254. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 255. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 256. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 257. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 258. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 259. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 260. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 261. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 262. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 263. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 264. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 265. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 266. 
    Where the group engages in back to back transactions, the extent to which those transactions are performed at market conditions and the risk management systems concerning those transactions practices are robust
     
  • 267. 
    The extent to which there are contingency plans in place to ensure continuity in access to payment and settlement systems
     
  • 268. 
    The extent to which the governance structure of the institution or the group is adequate for managing and ensuring compliance with the institution or group
     
  • 269. 
    The extent to which the institution or the group has a process for transitioning the services provided under service level agreements to third parties in the event of the separation of critical functions or of core business lines
     
  • 270. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 271. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 272. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 273. 
    The extent to which the governance structure of the institution or the group is adequate for managing and ensuring compliance with the institution or group
     
  • 274. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 275. 
    The extent to which the governance structure of the institution or the group is adequate for managing and ensuring compliance with the institution or group
     
  • 276. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 277. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 278. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 279. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 280. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 281. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 282. 
    The extent to which the service agreements that the institution or the group maintains are fully enforceable in the event of resolution of the institution or the group
     
  • 283. 
    The extent to which the service agreements that the institution or the group maintains are fully enforceable in the event of resolution of the institution or the group
     
  • 284. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 285. 
    The extent to which the governance structure of the institution or the group is adequate for managing and ensuring compliance with the institution or group
     
  • 286. 
    The extent to which the institution or the group has a process for transitioning the services provided under service level agreements to third parties in the event of the separation of critical functions or of core business lines
     
  • 287. 
    The extent to which there are arrangements in place to provide for essential staff, infrastructure, funding, liquidity and capital to support and maintain the core business lines and the critical operations
     
  • 288. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 289. 
    The extent to which there are arrangements in place to provide for essential staff, infrastructure, funding, liquidity and capital to support and maintain the core business lines and the critical operations
     
  • 290. 
    The extent to which there are arrangements in place to provide for essential staff, infrastructure, funding, liquidity and capital to support and maintain the core business lines and the critical operations
     
  • 291. 
    The extent to which there are arrangements in place to provide for essential staff, infrastructure, funding, liquidity and capital to support and maintain the core business lines and the critical operations
     
  • 292. 
    The extent to which the governance structure of the institution or the group is adequate for managing and ensuring compliance with the institution or group
     
  • 293. 
    The extent to which the governance structure of the institution or the group is adequate for managing and ensuring compliance with the institution or group
     
  • 294. 
    The extent to which the governance structure of the institution or the group is adequate for managing and ensuring compliance with the institution or group
     
  • 295. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 296. 
    The extent to which the service agreements that the institution or the group maintains are fully enforceable in the event of resolution of the institution or the group
     
  • 297. 
    The adequacy of the management information systems in ensuring that the resolution authorities are able to gather accurate and complete information regarding the core business lines and critical operations so as to facilitate rapid decision making
     
  • 298. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 299. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 300. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 301. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 302. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 303. 
    The extent to which there are arrangements in place to provide for essential staff, infrastructure, funding, liquidity and capital to support and maintain the core business lines and the critical operations
     
  • 304. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 305. 
    The extent to which the service agreements that the institution or the group maintains are fully enforceable in the event of resolution of the institution or the group
     
  • 306. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 307. 
    The extent to which there are arrangements in place to provide for essential staff, infrastructure, funding, liquidity and capital to support and maintain the core business lines and the critical operations
     
  • 308. 
    The extent to which the service agreements that the institution or the group maintains are fully enforceable in the event of resolution of the institution or the group
     
  • 309. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 310. 
    The extent to which the governance structure of the institution or the group is adequate for managing and ensuring compliance with the institution or group
     
  • 311. 
    The extent to which the institution or the group are able to map core business lines and critical operations to legal entities
     
  • 312. 
    The extent to which the service agreements that the institution or the group maintains are fully enforceable in the event of resolution of the institution or the group
     
  • 313. 
    The extent to which there are arrangements in place to provide for essential staff, infrastructure, funding, liquidity and capital to support and maintain the core business lines and the critical operations
     
  • 314. 
    The extent to which the service agreements that the institution or the group maintains are fully enforceable in the event of resolution of the institution or the group
     
  • 315. 
    The extent to which there are arrangements in place to provide for essential staff, infrastructure, funding, liquidity and capital to support and maintain the core business lines and the critical operations
     
  • 316. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 317. 
    The extent to which legal and corporate structures with respect to the core business lines and critical operations are aligned
     
  • 318. 
    The extent to which the institution or the group has a process for transitioning the services provided under service level agreements to third parties in the event of the separation of critical functions or of core business lines
     
  • 319. 
    The extent to which the institution or the group has a process for transitioning the services provided under service level agreements to third parties in the event of the separation of critical functions or of core business lines
     
  • 320. 
    The extent to which there are arrangements in place to provide for essential staff, infrastructure, funding, liquidity and capital to support and maintain the core business lines and the critical operations
     
  • 321. 
    Deze databank van de Europese Unie biedt de mogelijkheid de actuele werkzaamheden (workflow) van de Europese instellingen (Europees Parlement, Raad, ESC, Comité van de Regio's, Europese Centrale Bank, Hof van Justitie enz.) te volgen. EURlex volgt alle voorstellen (zoals wetgevende en begrotingsdossiers) en mededelingen van de Commissie, vanaf het moment dat ze aan de Raad of het Europees Parlement worden voorgelegd.
     
  • 322. 
    EUR-lex provides an overview of the proposal, amendments, citations and legality.