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Preparation for resolution of mediumsized and small banks in the euro area Results of a parallel audit of supreme audit institutions on banking resolutionDecember 2020Contact: www.contactcommittee.eu Source: Contact Committee of the Supreme Audit Institutions of the European Union.Management Summary During the financial and economic crisis that followed the fall of Lehman Brothers in September 2008, many governments of EU Member States stepped in with financial support. Different
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Preparation for resolution is the process of organizing and compiling information necessary for addressing an issue, typically in the context of legal or financial matters.
Individuals or entities involved in legal disputes, financial issues, or regulatory compliance situations are typically required to file preparation for resolution.
To fill out preparation for resolution, one must follow the specified format and guidelines, including providing necessary details, relevant documentation, and ensuring all information is accurate and complete.
The purpose of preparation for resolution is to streamline the resolution process, ensuring that all relevant information is available for decision-makers to effectively address the issue.
Information reported on preparation for resolution typically includes the parties involved, the nature of the issue, relevant facts, proposed solutions, and supporting documentation.
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