Article 97 Process for deciding on the need for a group resolution scheme

The process for the assessment of the need for a group resolution scheme shall comprise the following steps to be implemented:

1. (1)

   dialogue, where possible, on the need for a group resolution scheme and for mutualising financing arrangements;

2. (2)

   draft assessment or draft decision on the need for a group resolution scheme by the group-level resolution authority and communication to the members of the resolution college;

3. (3)

   consultation on the draft assessment or draft decision on the need for a group resolution scheme among the members of the resolution college;

4. (4)

   finalisation of the assessment or the decision on the need for a group resolution scheme and communicating to the resolution college.