32. For indicator breaches to effectively fulfil their warning potential, in line with internal …

For indicator breaches to effectively fulfil their warning potential, in line with internal procedures specified in their recovery plans pursuant to Article 5(3)(a) of Commission Delegated Regulation (EU) 2016/1075, institutions should promptly and in any event:

• a. within one business day of the breach of the recovery plan indicator, alert the institution ’ s management body by activating the appropriate escalation process in order to ensure that any breach is considered and, where relevant, acted upon; and
• b. at the latest within one additional business day following the internal escalation referred to in
• (a) above, notify the recovery plan indicator breach to the relevant competent authority.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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