Summary
The European Parliament has approved a provisional funding system for the Single Resolution Board, ensuring it can cover administrative costs from the banking sector before becoming fully operational in 2015. 10 27.11.2014
Other
finance
european union
public administration
business and competition
Key points
- The Single Resolution Board requires a funding mechanism to cover its initial administrative costs.
- A provisional system of installments has been created to collect these funds from the banking sector.
- The Single Resolution Board was established as a European Union agency in August 2014.
- The Board is required to be fully operational by January 1, 2015.
Documents (PDFs)
RECOMMENDATION FOR A DECISION to raise no objections to the Commission delegated regulation of 8 October 2014 on the provisional system of instalments on contributions to cover the administrative expenditures of the Single Resolution Board during the provisional period
Non-objection to a delegated act: provisional system of instalments on contributions to cover the administrative expenditures of the Single Resolution Board during the provisional period
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