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Article 88 › 5

BRRD
DIRECTIVE 2014/59/EU OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 15 May 2014 establishing a framework for the recovery and resolution of credit institutions and investment firms and amending Council Directive 82/891/EEC, and Directives 2001/24/EC, 2002/47/EC, 2004/25/EC, 2005/56/EC, 2007/36/EC, 2011/35/EU, 2012/30/EU and 2013/36/EU, and Regulations (EU) No 1093/2010 and (EU) No 648/2012, of the European Parliament and of the Council (Text with EEA relevance) · European Union

The group-level resolution authority shall be the chair of the resolution college. In that capacity it shall: (a) establish written arrangements and procedures for the functioning of the resolution college, after consulting the other members of the resolution college; (b) coordinate all activities of the resolution college; (c) convene and chair all its meetings and keep all members of the resolution college fully informed in advance of the organisation of meetings of the resolution college, of the main issues to be discussed and of the items to be considered; (d) notify the members of the resolution college of any planned meetings so that they can request to participate; (e) decide which members and observers shall be invited to attend particular meetings of the resolution college, on the basis of specific needs, taking into account the relevance of the issue to be discussed for those members and observers, in particular the potential impact on financial stability in the Member States concerned; (f) keep all of the members of the college informed, in a timely manner, of the decisions and outcomes of those meetings. The members participating in the resolution college shall cooperate closely. Notwithstanding point (e), resolution authorities shall be entitled to participate in resolution college meetings whenever matters subject to joint decision-making or relating to a group entity located in their Member State are on the agenda.

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Source: EUR-Lex CELLAR · retrieved 2026-09-04