+Article 24 2.

Article 24 2.

When assessing the credibility of liquidation, resolution authorities shall consider the likely impact of the liquidation of the institution or group on the financial systems of any Member State or of the Union to ensure the continuity of access to critical functions carried out by the institution or group and achieving the resolution objectives of Article 31 of Directive 2014/59/EU. For this purpose, resolution authorities shall take into account the functions performed by the institution or group and assess whether liquidation would be likely to have a material adverse impact on any of the following:

(a) 

financial market functioning and market confidence;

(b) 

financial market infrastructures, in particular:

(i) 

whether the sudden cessation of activities would constrain the normal functioning of financial market infrastructures in a manner which negatively impacts the financial system as a whole;

(ii) 

whether and to what extent financial market infrastructures could serve as contagion channels in the liquidation process;

(c) 

other financial institutions, in particular:

(i) 

whether liquidation would raise the funding costs of or reduce the availability of funding to other financial institutions in a manner which presents a risk to financial stability;

(ii) 

the risk of direct and indirect contagion and macroeconomic feedback effects;

(d) 

the real economy and in particular the availability of critical financial services.

1. Übersicht

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1.1 Referenzen

1.2 Identifizierte Anforderungen

1.3 Zugehörige Standards

2. Identifizierte Anforderungen

Anforderungen

3. Zugehörige Standards

Standards