Guidance on Identification of Critical Functions and Critical Shared Services

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This guidance provides shared definitions and evaluation criteria to assist authorities in their evaluation of the criticality of functions that firms provide to the real economy and financial markets and to help ensure that the resolution strategy and operational plan include appropriate actions that help maintain continuity of these functions. It aims to promote a common understanding of which functions and shared services are critical by providing shared definitions and evaluation criteria and should assist authorities in their evaluation of the criticality of functions that firms provide to the real economy and financial markets.