group resolution
as defined in Directive 2014/59/EU of the European Parliament and of the Council of 15 May…, Article 2(1), point (42) (Definitions)
either of the following: (a) the taking of resolution action at the level of a parent undertaking or of an institution subject to consolidated supervision, or (b) the coordination of the application of resolution tools and the exercise of resolution powers by resolution authorities in relation to group entities that meet the conditions for resolution;