(8)To strengthen the efficiency of colleges of supervisors, the written coordination and cooperation arrangements referred to in Article 115 of Directive 2013/36/EU should cover all areas of college work. The written arrangements should also cover arrangements between some college members involved in specific college activities, such as those performed through specific substructures of the college. The written arrangements should also include operational aspects of college work as those aspects are essential for facilitating the functioning of the college of supervisors, both in going concern and during emergency situations. As it is essential to ensure cooperation within the college before and for the purpose of providing input for group resolution issues, the written arrangements should provide for the processes of coordinating the relevant input as well as the responsibilities and role of the consolidating supervisor in communicating that input through the group-level resolution authority as defined in Article 2(1), point (44), of Directive 2014/59/EU of the European Parliament and of the Council 6 to the resolution college. The written arrangements should be comprehensive, coherent and exhaustive and should provide an adequate and appropriate basis to the competent authorities in order for them to discharge their relevant duties and tasks within, rather than outside the college of supervisors.
Recital 8
- 6 Directive 2014/59/EU of the European Parliament and of the Council of 15 May 2014 establishing a framework for the recovery and resolution of credit institutions and investment firms and amending Council Directive 82/891/EEC, and Directives 2001/24/EC, 2002/47/EC, 2004/25/EC, 2005/56/EC, 2007/36/EC, 2011/35/EU, 2012/30/EU and 2013/36/EU, and Regulations (EU) No 1093/2010 and (EU) No 648/2012, of the European Parliament and of the Council ( OJ L 173, 12.6.2014, p. 190 , ELI: http://data.europa.eu/eli/dir/2014/59/oj ). ↩