Resolution authorities, when applying resolution tools and exercising resolution powers, shall have regard to the resolution objectives and choose the tools and powers that best achieve the objectives that are relevant in the circumstances of the case.

The resolution objectives are: (a) to ensure the continuity of critical functions; (b) to avoid a significant adverse effect on the financial system, in particular by preventing contagion, including to market infrastructures, and by maintaining market discipline; (c) to protect public funds by minimising reliance on extraordinary public financial support, in particular when provided from the budget of a Member State; (d) to protect depositors covered by Directive 2014/49/EU and investors covered by Directive 97/9/EC; and (e) to protect client funds and client assets. When pursuing these objectives the resolution authority shall seek to minimise the cost of resolution and avoid destruction of value unless necessary to achieve the resolution objectives, and, subject to different provisions of this Directive, the resolution objectives are of equal significance and shall be balanced as appropriate to the nature and circumstances of each case.