The Single Resolution Fund (SRF), the financial arm of Banking Union, stood at €24,8 billion on 30 June 2018, according to data released by the Single Resolution Board (SRB) on Tuesday 24 July.
By 2024, the size of the SRF should reach at least 1% of the deposits covered. Although at its origin, a target of €55 billion was mentioned, the SRF is now expected to reach between €63 and €67 billion, according to sources at the SRB.
This increase is due to a substantial increase in the...