Final Report
European recovery and resolution framework and essential to ensuring proper crisis preparedness. The role of recovery plans is to ensure that credit institutions and investment firms consider in advance which corrective actions they could effectively take in situations of stress to restore their financial and business viability.
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Final Report
www.eba.europa.euresolution colleges. These guidelines aim to set out the resolvability conditions for institutions or resolution groups for which the strategy involves the use of resolution powers as opposed to a liquidation procedure. And some of the conditions laid down in these guidelines may be resolution tool-specific (e.g. bail-