The Commission has published a Communication to help regulators deal with crises in financial firms. Regulators will have powers to require institutions to prepare recovery and resolution plans, and take preventative action, such as replacing an institution's management or ordering it to divest itself of parts of its business. They will get resolution tools so they can require a takeover of a failing firm or the transfer of its business to a temporary bridge bank. The Commission says no entity should be too big to fail, so the Communication must ensure orderly winding-up of failing institutions. It is also aware of the risks presented by cross-border institutions. It plans to build on the existing framework of supervisory colleges to deal with this. Finally, it proposes national funds to fund resolution measures (as it previously proposed in May in its Communication on bank resolution funds).