1.   Where an emergency situation occurs, the consolidating supervisor shall coordinate and prepare the assessment of the emergency situation (‘coordinated supervisory assessment’) in cooperation with the members of the college of supervisors that supervise group entities or significant branches affected or likely to be affected by that emergency situation.

2.   The coordinated supervisory assessment of the emergency situation, carried out in accordance with the procedure set out in Article 15 of Implementing Regulation (EU) 2025/790, shall cover the following:

(a)	the nature and severity of the emergency situation;

(b)	the impact or potential impact of the emergency situation on the group as a whole and on any of its affected or likely to be affected group entities;

(c)	the risk of cross-border contagion.

3.   For the purposes of paragraph 2, point (c), the consolidating supervisor shall consider the potential systemic consequences in any of the Member States where entities of the group or significant branches are established.