Author (Corporate) | Council of the European Union: General Secretariat |
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Series Title | Press Release |
Series Details | 09.12.14 |
Publication Date | 09/12/2014 |
Content Type | News |
The Council of the European Union reached a political agreement on the 9 December 2014 on an implementing regulation determining the contributions to be paid by banks to the EU's Single Resolution Fund (SRF). The fund would be set up under a single resolution mechanism (SRM) that is being established to ensure the orderly resolution of failing banks. The SRF would be built up over a period of eight years to reach a target level of at least 1% of the amount of covered deposits of all credit institutions authorised in all the participating member states. |
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Source Link | http://www.consilium.europa.eu/uedocs/cms_data/docs/pressdata/en/ecofin/146129.pdf |
Related Links |
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Subject Categories | Business and Industry |
Countries / Regions | Europe |
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