+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

,
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

3. Related Standards

Standards
  • EBA - Published by the European Banking Authority at https://www.eba.europa.eu/