4.6.3 Resolution of groups with third country presence

An EU banking group may have parent companies, subsidiaries or branches in third countries, or a third country banking group may have parent companies, subsidiaries or branches in Member States. In these cases, resolution of the group becomes even more complex, since cooperation with third country authorities has to be established. This section discusses the coordination arrangements provided in the BRRD and the SRMR.

The group resolution plan should identify appropriate arrangements for cooperation and coordination with the relevant authorities of third countries and the implications for resolution within the EU, if a banking group includes entities in third countries.1