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Europe Daily Bulletin No. 12755

6 July 2021
Contents Publication in full By article 12 / 32
ECONOMY - FINANCE - BUSINESS / Banks
Endowment of Single Resolution Fund expected to exceed €70 billion in 2024
Brussels, 05/07/2021 (Agence Europe)

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...

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