+5. Competent authorities’ assessment of the ORC
---+32. When assessing recovery plans, competent authorities should ensure, in a manner laid down in …
---+Section I. Assessment of the ‘scenario-specific recovery capacity’
------+33. To assess the ‘scenario-specific recovery capacity' provided by the institutions under each …
------+34. In particular, competent authorities should assess whether scenarios are severe enough with …
------+35. Competent authorities should assess the credibility and feasibility, including the timeframe …
------+36. Competent authorities should review, where appropriate and feasible, the assessment and …
------+37. Competent authorities should take into consideration, where appropriate and available, peer …
---+Section II. Assessment of ORC – ‘adjusted ORC’
------+38. Competent authorities should ensure that the ORC is calculated by the institutions as the range …
------+39. Based on the assessment of the institutions’ ‘scenario-specific recovery capacity’, competent …
------+40. The ‘adjusted ORC’ should reflect the competent authorities’ assessment of the institutions’ …
---+ORC score
------+41. Competent authorities should assess the ‘adjusted ORC’ specified in accordance with paragraphs …
------+42. In cases where the ‘adjusted ORC’ would result between different levels under paragraph 41 …
------+43. To complement their ORC assessment, competent authorities should take into account general …
------+44. ‘Weak’ ORC should lead either to the assessment of a material deficiency in the recovery plan …
------+45. ‘Adequate with potential room for improvement’ ORC may lead to the identification of a specific …
------+46. When carrying out the assessment of the identification of a material deficiency or a specific …
------+47. The classification referred to in paragraphs 41 to 43 should support the assessment of the ORC …

5. Competent authorities’ assessment of the ORC

5. Competent authorities’ assessment of the ORC

1. Overview

,
Summary Regulation
32. When assessing recovery plans, competent authorities should ensure, in a manner laid down in …

When assessing recovery plans, competent authorities should ensure, in a manner laid down in the following paragraphs, that, in determining their overall recovery capacity, institutions comply with Title 4 of these guidelines16 .


16 Title 4. Setting the framework of overall recovery capacity (ORC) for institutions.

Section I. Assessment of the ‘scenario-specific recovery capacity’

Section I. Assessment of the ‘scenario-specific recovery capacity’

Section II. Assessment of ORC – ‘adjusted ORC’

Section II. Assessment of ORC – ‘adjusted ORC’

ORC score

ORC score

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements
Source Requirement

3. Related Standards

Standards
Source Requirement
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    EN: Guidelines and other publications of the European Banking Authority (EBA), https://www.eba.europa.eu/. © European Banking Authority. Reproduction is authorised provided the source is acknowledged (EBA legal notice). Divided into sections and converted into the GRCA format, the wording unchanged. Only the versions published by the EBA are authoritative.

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