The Single Resolution Fund (SRF), the financial arm of the eurozone Banking Union’s ‘resolution’ component, is expected to exceed €70 billion in 2024, the Single Resolution Board (SRB), the EU agency responsible for managing this financial instrument, said on Monday 5 July.
For 2021, the contribution of banks and some investment companies amounted to €10.4 billion, so that the current capacity of the SRF Fund is €52 billion.
The SRF’s endowment is equivalent to 1% of all bank...