In the Banking Union, the Single Resolution Mechanism has responsibility for the resolution of Significant Institutions. The resolution planning process begins with a strategic business analysis. Through this we 3/6  BIS central bankers' speeches  analyse banks or investment firms structure, financial position, business model, critical functions, core business lines, internal and external interdependencies and critical systems and infrastructures.
This is followed by the identification of a preferred resolution strategy which includes: (i) an assessment of both the credibility and feasibility of resolving large institutions; (ii) an assessment of the individual institution’s loss absorption capacity; or (iii) whether smaller firms should be liquidated under normal insolvency proceedings.