The SIPS operator shall identify specific scenarios that may prevent it from being able to provide these critical operations and services as a going concern and assess the effectiveness of all options for recovery or, with the exception of Eurosystem SIPS, an orderly wind-down.

12. Urges the Commission and the Member States to make sure that the Recovery and Resolution Directive is fully implemented; urges the Commission, the EBA and the Member States to ascertain that banks have in place clear and credible crisis management frameworks that include sufficient capital for credit, payment and deposit activities, bail-in-able liabilities and liquid assets to enable them, in the event of failure, to maintain depositors‘ access to funds, protect essential services – in particular credit, payment and deposit activities – from the risk of disorderly failure, pay out depositors in a timely fashion and avoid adverse ef ...[+++]fects on financial stability;

12. Urges the Commission and the Member States to make sure that the Recovery and Resolution Directive is fully implemented; urges the Commission, the EBA and the Member States to ascertain that banks have in place clear and credible crisis management frameworks that include sufficient capital for credit, payment and deposit activities, bail-in-able liabilities and liquid assets to enable them, in the event of failure, to maintain depositors‘ access to funds, protect essential services – in particular credit, payment and deposit activities – from the risk of disorderly failure, pay out depositors in a timely fashion and avoid adverse ef ...[+++]fects on financial stability;

The example of the agreement between the three main French mobile telephony operators (including the historic operator, France Telecom, and its subsidiary, Orange), a secret agreement which was only revealed by the press in 2005, shows that it is not necessarily wise to entrust this kind of supervision to national authorities.

The study has highlighted the emergence and/or consolidation of a number of trends such as the continuous growth of multi-channel and/or digital platforms, the maintenance of traditional audience share by Public Service and commercial free-to-air stations, the decreasing financial strength and progressive consolidation of all operators, the increase in the importance of subscription revenues, the creation of large integrated and international groups, some of which originate from operators active on other markets: press, consumer electronics, civil engineering and construction.

The study has highlighted the emergence and/or consolidation of a number of trends such as the continuous growth of multi-channel and/or digital platforms, the maintenance of traditional audience share by Public Service and commercial free-to-air stations, the decreasing financial strength and progressive consolidation of all operators, the increase in the importance of subscription revenues, the creation of large integrated and international groups, some of which originate from operators active on other markets: press, consumer electronics, civil engineering and construction.