somes

Non-objection to bank resolution funding regulation

Summary

The European Parliament approves rules for how banks contribute to crisis resolution funds, ensuring higher-risk institutions pay more.
10 18.12.2014
Other
finance
economy
european union
financial institutions and credit

Key points

  • The European Parliament has decided not to object to the Commission's new rules for bank resolution funding.
  • Financial institutions are required to make annual contributions to funds used for managing bank resolutions.
  • The amount each institution pays must be adjusted based on its specific risk profile.
  • The framework for these measures must be fully implemented by January 2015.
Documents (PDFs)
RECOMMENDATION FOR A DECISION to raise no objections to the Commission delegated regulation of 21 October 2014 supplementing Directive 2014/59/EU of the European Parliament and the Council of 15 May 2014 with regard to ex ante contributions to resolution financing arrangements (C(2014)07674 – Non-objection to a delegated act: Ex ante contributions to resolution financing arrangements
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