Process for deciding on the need for a group resolution scheme
The process for the assessment of the need for a group resolution scheme shall comprise the following steps to be implemented:
(1)
dialogue, where possible, on the need for a group resolution scheme and for mutualising financing arrangements;
(2)
draft assessment or draft decision on the need for a group resolution scheme by the group-level resolution authority and communication to the members of the resolution college;
(3)
consultation on the draft assessment or draft decision on the need for a group resolution scheme among the members of the resolution college;
(4)
finalisation of the assessment or the decision on the need for a group resolution scheme and communicating to the resolution college.