Updated 18/10/2024
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Version from: 08/07/2016
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Article 30 - Assessment of feasibility: cross-border issues

Article 30

Assessment of feasibility: cross-border issues

Resolution authorities shall consider at least the following issues in assessing whether there are potential impediments to resolution related to cross-border issues:

(1) 

matters addressed in point 20 of Section C of the Annex to Directive 2014/59/EU;

(2) 

existence of adequate processes for coordination and communication and assurances on actions to be taken between home and host authorities, including in third countries, to enable delivery of the resolution strategy;

(3) 

whether law in relevant home and host jurisdictions overrides contractual termination rights in financial contracts that are triggered solely by the failure and resolution of an affiliated company.