Process for deciding on the need for a group resolution scheme
Article 97
The process for the assessment of the need for a group resolution scheme shall comprise the following steps to be implemented: (1) dialogue, where possible, on the need for a group resolution scheme and for mutualising financing arrangements; (2) draft assessment or draft decision on the need for a group resolution scheme by the group-level resolution authority and communication to the members of the resolution college; (3) consultation on the draft assessment or draft decision on the need for a group resolution scheme among the members of the resolution college; (4) finalisation of the assessment or the decision on the need for a group resolution scheme and communicating to the resolution college.