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Recital 9

Recital 9

(9)Fluctuations are an inherent part of the economic cycle. Any business reorganisation plan should include analyses of alternative scenarios, with appropriate changes in the key underlying assumptions to include worst-case and best-case assumptions. To ensure the credibility of the business reorganisation plan, the competent authority and the resolution authority should, when assessing the plan, verify that it relies on a set of comprehensive and realistic scenarios, which accurately reflect the CCP’s market environment, and its operational and legal constraints.

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