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+Article 11 3. |
Article 11 3.Member States may allow a DGS to use the available financial means for alternative measures in order to prevent the failure of a credit institution provided that the following conditions are met:
(a)
the resolution authority has not taken any resolution action under Article 32 of Directive 2014/59/EU;
(b)
the DGS has appropriate systems and procedures in place for selecting and implementing alternative measures and monitoring affiliated risks;
(c)
the costs of the measures do not exceed the costs of fulfilling the statutory or contractual mandate of the DGS;
(d)
the use of alternative measures by the DGS is linked to conditions imposed on the credit institution that is being supported, involving at least more stringent risk monitoring and greater verification rights for the DGS;
(e)
the use of alternative measures by the DGS is linked to commitments by the credit institution being supported with a view to securing access to covered deposits;
(f)
the ability of the affiliated credit institutions to pay the extraordinary contributions in accordance with paragraph 5 of this Article is confirmed in the assessment of the competent authority. The DGS shall consult the resolution authority and the competent authority on the measures and the conditions imposed on the credit institution. 1. Overzicht
1.1 Referenties1.2 Geïdentificeerde eisen1.3 Gerelateerde standaarden2. Geïdentificeerde eisen
3. Gerelateerde standaarden
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