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Image header Agence Europe
Europe Daily Bulletin No. 12300
Contents Publication in full By article 20 / 27
NEWS BRIEFS / Banks

Single Resolution Fund endowment amounts to nearly €33 billion

19/07/2019 (Agence Europe)The Single Resolution Committee, the European authority responsible for resolving major banking groups within the framework of the euro area banking union, reported on Wednesday 17 July that it had received €7.8 billion in annual contributions from 3,186 banks. These contributions, which depend on the size and risks that the banks concerned pose to the financial system, contribute to the Single Resolution Fund, which now has a budget of €33 billion...

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