The necessary legislative changes will have to be made when the requirements resulting from the Key Attributes are transposed into European and, later, German law such as the German Banking Act. The European Commission is already aware of this problem. 2.4  Recovery and resolution planning  Recovery and resolution planning will facilitate cooperation between the authorities.
This planning process consists of three mutually dependent components. First, the responsible authorities agree on an assessment on the banking group’s resolvability, the aim being to examine the practicability and credibility of a resolution strategy. Any impediments to resolution should be identified and removed.