Press Release: Commission adopts detailed rules on contributions of banks to resolution funds

The European Commission adopted on the 21 October 2014 a delegated act and a draft proposal for a Council implementing act to calculate the contributions of banks to the national resolution funds and to the Single Resolution Fund respectively.

With the texts adopted on the 21 October 2014, the Commission fulfilled the mandate it received from the European Parliament and the Member States to specify the methodology for the banks' contributions in order to meet the target levels for the resolution funds set by the Bank Recovery and Resolution Directive (BRRD) and by the Single Resolution Mechanism Regulation (SRM).

• Primary Source

European Commission: RAPID: MEMO/14/597: Delegated Act on ex-ante contributions to the resolution financing arrangements under the Bank Recovery and Resolution Directive (BRRD): Frequently Asked Questions http://europa.eu/rapid/press-release_MEMO-14-597_en.htm

EurActiv, 22.10.14: Largest banks to pay most in resolution plan http://www.euractiv.com/sections/euro-finance/largest-banks-pay-most-resolution-plan-309372

ESO: Background information: Public consultation on the contributions of credit institutions to resolution financing arrangements launched http://www.europeansources.info/record/press-release-public-consultation-on-the-contributions-of-credit-institutions-to-resolution-financing-arrangements-launched/

EUObserver, 22.10.14: Bank rescue fund to rely on big lenders http://euobserver.com/economic/126180

Deutsche Welle, 21.10.14: Big EU banks to pay for most of bailout fund http://dw.de/p/1DZRO

---