structural failure in reactors | structured failure in reactors

safe hardware failure [ nuisance failure | spurious failure | false trip failure | fail to safe failure ]

common-mode failure | CMF | common mode failure

secondary failure

wear-out failure period

multiple organ dysfunction syndrome | MODS | multiple organ failure | MOF | multiple organ failure syndrome | MOFS | multiple systems organ failure | multisystem organ failure | multi-organ failure

organ failure

(19)Resolution authorities should have the power to require changes to the structure and organization of institutions or groups in order to remove practical impediments to the application of resolution tools and ensure the resolvability of the entities concerned.Due to the potentially systemic nature of all institutions, it is crucial in order to maintain financial stability that authorities have the possibility to resolve any institution.

(22)The extent to which the group structure allows the resolution authority to resolve the whole group or any or more of its entities without causing a significant direct or indirect adverse impact on the financial system, market confidence or the economy and with a view to maximising the value of the group as a whole.

1. Having regard to the impact that the failure of the institution could have, due to the nature of its business, its shareholding structure, its legal form, its risk profile, size and legal status, its interconnectedness to other institutions or to the financial system in general, the scope and the complexity of its activities, its membership of an IPS or other cooperative mutual solidarity systems as referred to in Article 113(7) of Regulation (EU) No 575/2013 and any exercise of investment services or activities as defined in point (2) of Article 4(1) of Directive 2014/65/EU, and whether its failure and subsequent winding up under nor ...[+++]mal insolvency proceedings would be likely to have a significant negative effect on financial markets, on other institutions, on funding conditions, or on the wider economy, Member States shall ensure that competent and resolution authorities determine:

Accordingly, recovery and resolution plans need to be prepared agreed and implemented for the group as a whole while taking into account the particularities of each group's structure and the division between the responsibilities of host and home national authorities.