Brussels, 21/05/2014 (Agence Europe) - All the EU member states apart from Sweden and the United Kingdom signed the intergovernmental treaty on Wednesday 21 May on which the bank resolution fund (SRF), set up within the framework of banking union, will in part be based (see EUROPE 11077).
The treaty stipulates how eurozone bank contributions to the SRF will be pooled after the fund is set up in 2016. With intervention capacity estimated at €55 billion (at least 1% of covered deposits)...