Assessment of recovery plan. 1. Without prejudice to their involvement in the colleges of supervisors and other relevant cross- border cooperation fora, the Authorities intend to assist each other in an assessment of the group recovery plan prepared by the supervised entities and, where relevant, their cross-border establishments insofar as it is relevant to the entities or cross-border establishments under their supervision. To facilitate such assessment, the Authorities intend to share in accordance with the applicable legal framework parts of the recovery plans prepared by the supervised entities or their cross-border establishments that are relevant for the other Authorities. The main objectives of the Authorities assisting each other in this assessment are to ensure a high standard of crisis prevention and to preserve the financial stability of the local market focusing on ensuring:
Assessment of recovery plan. 1. Without prejudice to their involvement in the colleges of supervisors and other relevant cross- border cooperation fora, the Authorities intend to assist each other in an assessment of the group recovery plan prepared by the supervised entities and, where relevant, their cross-border establishments insofar as it is relevant to the entities or cross-border establishments under their 5 In the case of Estonia, this is Eesti Pank, the country’s central bank. supervision. To facilitate such assessment, the Authorities intend to share in accordance with the applicable legal framework parts of the recovery plans prepared by the supervised entities or their cross-border establishments that are relevant for the other Authorities. The main objectives of the Authorities assisting each other in this assessment are to ensure a high standard of crisis prevention and to preserve the financial stability of the local market focusing on ensuring:
