Article 17
Monitoring and update of the coordinated supervisory response to an emergency situation
1. For the purposes of Article 23 of Delegated Regulation (EU) 2025/791, the consolidating supervisor shall coordinate the monitoring of the implementation of the supervisory actions specified in the coordinated supervisory response.
2. The members of the college of supervisors that supervise the group entities affected or likely to be affected by the emergency situation shall inform the consolidating supervisor of the evolution of the emergency situation and the implementation of the supervisory actions related to their respective group entities, as relevant.
3. The consolidating supervisor shall provide the members of the college of supervisors, including the EBA, with any updates on the monitoring of the coordinated supervisory response. Those updates shall cover the group and the group entities that are affected or likely to be affected by the emergency situation.
4. The consolidating supervisor and the members of the college of supervisors that supervise the group entities affected or likely to be affected by the emergency situation shall consider the need to update the coordinated supervisory response taking into account the information received from each other while monitoring the implementation of that response.
5. The tasks referred to in paragraphs 1 to 4 shall be carried out without undue delay.