The Council of the EU has published a press release stating that political agreement has been reached on the Implementing Regulation that will used to determine the contributions that banks in participating Member States will make to the single resolution fund.
The fund will be set up under the single resolution mechanism that is being established to ensure the orderly resolution of failing banks. Banks in participating member states will have to make annual contributions to the fund. Such contributions will be calculated on the basis of a bank’s liabilities, excluding own funds and covered deposits, and adjusted for risk.
The Implementing Regulation will be adopted without further discussion, by written procedure, before the end of 2014 once the text has been finalised in all languages.
View Single Resolution Fund: Council agrees on bank contributions, 9 December 2014