Article 36
College framework for emergency situations
1. The competent authority of the home Member State and the members of the college of supervisors shall establish a college framework in anticipation of possible emergency situations in accordance with Article 112(1), point (c), of Directive 2013/36/EU (‘college framework for emergency situations’).
2. The college framework for emergency situations shall include the following:
|
(a) |
the college-specific procedures that shall apply where an emergency situation as referred to in Article 114(1) of Directive 2013/36/EU arises; |
|
(b) |
the minimum information that shall be exchanged where an emergency situation as referred to in Article 114(1) of Directive 2013/36/EU arises. |
3. The minimum information referred to in paragraph 2, point (b), shall include the following:
|
(a) |
an outline of the emergency situation that has occurred, including the underlying cause of the emergency situation, and the expected impact of the emergency situation on the institution, on the market liquidity and on the stability of the financial system; |
|
(b) |
an explanation of the measures and actions that have been taken or are planned, by the competent authorities of the home Member State or any of the members of the college of supervisors or by the institution itself in response to the emergency situation; |
|
(c) |
the latest available quantitative information regarding the liquidity and capital position of the institution. |