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Version status: Omitted | Document consolidation status: Updated to reflect all known changes
Version date: 31 December 2020 - onwards
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Article 191 Duty to establish a resolution college

Omitted from 31 December 2020

(1) Subject to article 194, the Bank must establish a resolution college for the relevant group in order to -

(a) facilitate the performance of the Bank's duties as the group-level resolution authority [For the meaning of "group-level resolution authority" see the recovery and resolution directive, Article 2.1, point (44).];

(b) facilitate the performance of the tasks set out in paragraph (2);

(c) ensure that there is appropriate co-operation and co-ordination with the authorities established in third countries which exercise any function equivalent to a function of a resolution authority; and

(d) provide a forum for the discussion of issues relating to cross-border group resolution [For the meaning of "group resolution" see the recovery and resolution directive, Article 2.1, point (42).].

(2) The resolution college is to facilitate the performance of the following tasks by its members -

(a) exchanging information which is relevant for the drawing up a group resolution plan, for t

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