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Article 8 › 2

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 consolidating supervisor and the competent authorities of subsidiaries shall endeavour to reach a joint decision on: (a) the review and assessment of the group recovery plan; (b) whether a recovery plan on an individual basis shall be drawn up for institutions that are part of the group; and (c) the application of the measures referred to in Article 6(5) and (6). The parties shall endeavour to reach a joint decision within four months of the date of the transmission by the consolidating supervisor of the group recovery plan in accordance with Article 7(3). EBA may, at the request of a competent authority, assist the competent authorities in reaching a joint decision in accordance with Article 31(c) of Regulation (EU) No 1093/2010.

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