Resolution Decisions

Resolution is the application of one or more resolution tools to a bank in order to achieve the resolution objectives. The resolution of a bank occurs when the authorities determine that:

  • the bank is failing or likely to fail;
  • there are no supervisory or private sector measures that can restore the bank to viability within a short timeframe (for example, by taking actions set out in the bank’s recovery plan); and
  • resolution is necessary in the public interest, i.e. the resolution objectives would not be met to the same extent if the bank were wound up under normal (national) insolvency proceedings