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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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Schedule 2B Matters that the Bank is to consider when assessing resolvability

Articles 60(2)(a) and 62(3)(a)

1. In this Schedule -

(a) "back-to-back transaction" means a transaction entered into between two group entities for the purpose of transferring, in whole or in part, the risk generated by another transaction entered into between one of those group entities and a third party;

(b) "entity" means, in relation to an assessment of resolvability of -

(i) an institution in accordance with article 60(2)(a), the institution;

(ii) a relevant group in accordance with article 62(3)(a), the group entities;

(c) "intra-group guarantee" means a contract by which one group entity guarantees the obligations of another group entity to a third party.

2. The matters referred to in articles 60(2)(a) and 62(3)(a) are -

(a) the extent to which the entity is able to map core business lines and critical operations to legal persons;

(b) the extent to which legal and corporate structures are aligned with core business lines and critical operations;

(c) the extent to which there are

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