196. To assess possible responses to a stressed situation, institutions should identify the …

To assess possible responses to a stressed situation, institutions should identify the credible actions that are most relevant and when they would have to take them. Institutions should take into account that some management actions are required immediately and others are contingent on specific events happening, in which case clearly defined triggers for action should be identified beforehand. Management actions should be consistent with stated strategies and policies, for example in the context of stated dividend⁸ policies. Institutions should be conservative about their ability to take mitigating management actions, recognising the possible impact of the stressed scenarios on other markets.

⁸ For example, see Article 141 CRD (maximum distributable amount).

1. Forbhreathnú

1.1 Tagairtí

1.2 Ceanglais aitheanta

1.3 Caighdeáin ghaolmhara

2. Ceanglais aitheanta

3. Caighdeáin ghaolmhara

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