On 31 July 2018, the EBA published its first report on the functioning of resolution colleges. Whilst noting that good progress has been made, the report also notes that more needs to be done to ensure that college members are prepared for highly stressed situations. In particular, the report identifies that: (i) most resolution plans need further improvement in some key operational aspects; (ii) progress is needed in removing impediments to resolvability; and (iii) the minimum requirement for own funds and eligible liabilities needs to be set at solo level to ensure an adequate distribution of loss-absorbing capacity within groups.