43. To complement their ORC assessment, competent authorities should take into account general …

To complement their ORC assessment, competent authorities should take into account general qualitative considerations, not already reflected in the ‘adjusted ORC’, on the ORC framework. This may result in an upward or downward adjustment of the indicative scoring under paragraph 41 by the competent authorities when they consider that it does not fully represent the ORC position of the institutions, taking into account, in particular, the following elements:

• a. the difference between institutions’ ORC determination and the competent authorities ‘adjusted ORC’;
• b. overall evidence or lack of past implementation experience;
• c. the presence or absence of any preparatory measure ahead of the implementation of options;
• d. additional information related to the level of concentration, the timeframe for implementation, the feasibility and credibility of the recovery options as well as the level of stress applied by the institutions;
• e. institutions’ ability with regard to data availability, quality and aggregation as well as institutions’ governance in terms of crisis management preparedness.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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