37. For the purposes of the previous paragraph, the competent authority should monitor (i) the …

For the purposes of the previous paragraph, the competent authority should monitor (i) the proper and timely activation by the institution of escalation procedures and (ii) whether discussion on the activation of the plan happens at the right management level of the institution. The competent authority should assess whether the underlying reasoning provided by the institution for its decision to implement or not to implement recovery options is transparent and well reasoned.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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