This Consultation Paper was published on 6 January and sets out proposals for an EU-wide framework for dealing with troubled credit institutions and certain investment firms at an early stage. The paper examines areas such as the scope and authorities responsible for the intervention, early intervention (special management, implementing recovery plans), resolution tools and powers and financing arrangements, including the requirement for each Member State to establish a bank resolution fund. The deadline for comments on the Consultation Paper is 3 March 2011.