AI Summary of Article 45h Procedure for determining the minimum requirement for own funds and eligible liabilities
Article 45h Procedure for determining the minimum requirement for own funds and eligible liabilities
1. The resolution authority of the resolution entity, the group-level resolution authority, where different from the former, and the resolution authorities responsible for the subsidiaries of a resolution group that are subject to the requirement referred to in Article 45f on an individual basis shall do everything within their power to reach a joint decision on:
(a) the amount of the requirement applied at the consolidated resolution group level for each resolution entity; and
(b) the amount of the requirement applied on an individual basis to each entity of a resolution group which is not a resolution entity.
The joint decision shall ensure compliance with Articles 45e and 45f and it shall be fully reasoned and provided to:
(a) the resolution entity by its resolution authority;
(b) the entities of a resolution group which are not a resolution entity by the resolution authorities of those entities;