Body to be set up for each country at the suggestion of the Financial Stability Council, comprising supervisory authorities, the central bank and the ministry of finance. The main task of a CMG is to adopt a recovery and resolution plan for systemic banks. Furthermore, resolution plans should be reviewed and assessed in terms of their design and resolvability (resolvability assessments). – See resolution mechanism, unified, bank hospital, bank rescue law, bank testament, Financial Council, G-Sifi, bankruptcy proceedings for banks, minimum requirements for the design of recovery plans, mandatory convertible bond, provincial bankers, rescue package, risk, systemic, Tina. – Cf. 2012 Annual Report of BaFin, p. 122 (presentation of the CMG; tasks).
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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