+Article 44 9.

Article 44 9.

When exercising the discretions under paragraph 3, resolution authorities shall give due consideration to:

(a) 

the principle that losses should be borne first by shareholders and next, in general, by creditors of the institution under resolution in order of preference;

(b) 

the level of loss absorbing capacity that would remain in the institution under resolution if the liability or class of liabilities were excluded; and

(c) 

the need to maintain adequate resources for resolution financing.

1. Overview

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1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards