12.3.3 How is this relevant characteristic elaborated in the decisions?

In some decisions, it is clearly mentioned which entities are divested1, whereas in some other decisions, the entities to be divested are only referred to as “profitable non-core subsidiaries”. Another observation is that the decisions usually do not explain why these entities were chosen to be divested. In essence, the only important feature of these divestments is that they generate proceeds – there is thus no need to discuss other features.

In most decisions, the fact that the bank has made divestments is thus not very elaborated. The decisions only dwell on this relevant characteristic if the possibilities for burden-sharing are limited (see subsection 12.3.3.1), or if the divestment is not accepted as an own contribution (see subsection 12.3.3.2).