Coordination of the supervisory response to an emergency situation
Article 22
1. Where an emergency situation occurs, the consolidating supervisor shall coordinate the development of a supervisory response to the emergency situation (‘coordinated supervisory response’) in cooperation with the members of the college of supervisors that supervise group entities or significant branches affected or likely to be affected by that emergency situation. 2. The coordinated supervisory response shall be based on the coordinated supervisory assessment referred to in Article 21 and shall specify the supervisory actions needed, their scope, and the timetable for their implementation. 3. The coordinated supervisory response shall take into account any input provided by the group-level resolution authority.