Brussels, 07/11/2014 (Agence Europe) - Germany is opposing application of the transitional scheme to correct bank contributions to the single resolution fund (SRF) aspect of Banking Union.
At the end of last month, the European Commission put forward a bank contribution calculation methodology, which includes a transitional correction mechanism that would come into force in 2016 for the first eight years of the SRF phase-in (see EUROPE 11181). Under the mechanism, banks would contribute to...