The Council of the EU, in its configuration as the Economic and Financial Affairs Council, has endorsed the public bridge financing arrangements for the single resolution fund (SRF). The bridge financing arrangements will cover – as a last resort – temporary financing shortfalls in the SRF, in particular, during the early years of the transitional period. The entry into force of the bridge financing arrangements will allow the SRF to be fully operational on 1 January 2016.

View Statement on Banking Union and bridge financing arrangements for the Single Resolution Fund, 8 December 2015