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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 31 December 2020 - onwards
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Article 62 Assessment of group resolvability where the PRA or FCA is the consolidating supervisor

(1) This article applies in relation to a relevant group in respect of which the PRA or FCA is the consolidating supervisor.

(2) For the purpose of drawing up or reviewing a group resolution plan the Bank must make an assessment of group resolvability in respect of the relevant group and, where there is more than one resolution group in the relevant group, in respect of each resolution group.

(3) For the purpose of making the assessment of group resolvability the Bank must -

(a) consider all relevant matters, including the matters set out in Schedule 2B and in any technical standards under paragraph (2A);

(b) have regard to the circumstances under which resolution entities may meet the conditions for resolution, in particular -

(i) supposing that there is a situation of widespread financial instability or an occurrence of events which pose systemic risk; and

(ii) supposing that there is no such a situation or occurrence;

(c) not assume that any of the group entities will be in receipt

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