Article 6 Reasonable time

when the write-down amount has to be ultimately determined;

by when all the tasks needed to bail-in those liabilities would need to be performed in order to meet the resolution objectives taking into account the situation at the time of the resolution action.

the need to publish a bail-in decision and to determine the bail-in amount and its final allocation to the various classes of creditors;

the consequences of delaying such a decision for market confidence, potential market reactions, such as liquidity outflows, and the effectiveness of resolution action, taking into account both of the following:

1. (i)

   whether the distress and risk of failure of the institution is known to market participants;

2. (ii)

   the visibility of the consequences of the distress or potential failure of the institution to market participants;

the opening times of markets in as much as they may impact continuity of critical functions and contagion effects;

the reference date(s) when capital requirements have to be complied with;

the dates when payments of the institution are due, and the maturity of the liabilities concerned.