5.4.1 The assessment framework

The resolution framework does not provide for an assessment framework in respect of ELA, as long as this does not qualify as EPFS. The criteria for access to ELA are the result of the prohibition on monetary financing set out in Article 123 TFEU, in combination with the requirement of financial independence set out in Article 130 TFEU and the criteria set out in the State aid regime for the banking sector. Within the Eurozone, the ELA Agreement also forms part of the assessment framework. This section discusses the criteria for access to ELA set out in this assessment framework.