Article 14
Exchange of information during an emergency situation
1. A consolidating supervisor that becomes aware of an emergency situation which affects or is likely to affect an institution or a branch of the group established in a Member State shall alert the EBA and the member of the college of supervisors that supervises the institution or the branch affected or likely to be affected by that emergency situation without undue delay.
2. A member of the college of supervisors that becomes aware of an emergency situation which affects or is likely to affect an institution or a branch of the group established in a Member State shall alert the consolidating supervisor without undue delay.
3. The consolidating supervisor shall ensure that all other members of the college of supervisors are adequately informed about the following:
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(a) |
the coordinated supervisory assessment of the emergency situation as referred to in Article 15; |
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(b) |
the coordinated supervisory response as referred to in Article 16, including the actions taken or planned, and its monitoring as referred to in Article 17; |
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(c) |
the early intervention measures adopted pursuant to Articles 27, 28 and 29 of Directive 2014/59/EU, as relevant, taking into account the necessity for the coordination of those measures in accordance with Article 30 of that Directive, or the determination of the conditions for resolution pursuant to Article 32 of that Directive. |
4. An emergency situation restricted to a specific group entity shall be managed by the member of the college of supervisors responsible for the supervision of that group entity together with the consolidating supervisor.
5. The information referred to in Article 20(2) and (3) of Delegated Regulation (EU) 2025/791, shall be updated immediately when new information is available.
6. Where the exchange of information or any communication referred to in Article 20 of Delegated Regulation (EU) 2025/791 is made orally, the competent authorities concerned shall confirm the content of that communication or information in writing without undue delay.