21/05/2014 (Agence Europe) - Bank size and risk profile to determine size of contribution to SRF. At a financial summit in Frankfurt on Tuesday 20 May, EU Internal Market Commissioner Michel Barnier said: “We have been careful to take into account the specificities of business models such as savings banks or cooperatives. And I shall continue to take into account these specificities over the coming months to determine in detail which bank pays what into the Single Resolution Fund, based on size and risk profile”. In June, the Commission will unveil implementing measures for the BRRD directive harmonising national bank resolution schemes and setting out how banks will contribute to these national schemes. In parallel a similar implementing measure to be adopted by the Council of Ministers (without the European Parliament's opinion being required) will lay down how eurozone banks will contribute to the SRF (see EUROPE 11061). (MB)