By the end of 2017, the envelope of the Single Resolution Fund (SRF) will have risen from €10.8 billion to €17 billion. This money will be invested on the markets in line with a strategy currently being put together by the Single Resolution Board (SRB), to allow the fund to have money available to it quickly in the event of a bank default.
On Wednesday 11 January, Timo Löyttyniemi, Vice-President of the SRB, the European authority responsible for managing the financial arm of banking...