Arrangements for monitoring recovery plan indicators

The monitoring of recovery plan indicators by the institution should be set at an adequate frequency and allow for the timely submission of the indicators to the competent authority upon request.

When requested by the competent authority, the institution should be able to provide it with values for its full set of recovery plan indicators (breached or not) at least on a monthly basis, even if the values for the indicators have not changed. The competent authority should consider requesting such information with an increased frequency, in particular in crisis situations or where one or more recovery plan indicators have been breached, having regard to the nature and speed of the crisis (fast or slow moving) and the type of indicator (e.g. liquidity indicators).