The Single Resolution Board has today announced that the Single Resolution Fund’s target level remains reached at the end of 2024. “As a result, and unless circumstances change, banks will not need to contribute to the Single Resolution Fund for the coming year,” said SRB Chair Dominique Laboureix in Brussels. “The target level will be verified again at the beginning of 2026.”
The fund, paid for by industry and managed by the SRB, exists to provide confidence to the market should financial instability occur and it can be used to help ensure a troubled institution can be dealt with in an orderly fashion.
The Single Resolution Fund’s target level, of at least 1% of covered deposits held in Banking Union Member States, is verified annually. As of 31 December 2024, the Fund amounts to EUR 80 billion, which is above the 1% of covered deposits.
Therefore, unless needed, no collection of annual contributions is foreseen until the next verification exercise, due to take place towards the beginning of 2026.
Contact our communications team
Recent press releases
- New update introduces greater proportionality and flexibility
- Replaces guidance issued in 2021 and aims to enhance resolvability
The SRB publishes today...
The Single Resolution Board has today published its Annual Report for 2024, the first reporting on the implementation of the new SRM Vision 2028...
The SRB today publishes its MREL dashboard for Q4.2024, which shows that banks continue to meet their MREL targets.
The MREL dashboard tracks the...
Related news and press releases
As of 30 June 2017, the Single Resolution Board (SRB) had collected €6.6 billion from 3,512 institutions in annual contributions to the Single...
Brussels – 6 July 2016
On 30 June 2016, the Single Resolution Board (SRB) collected 6.4 billion euros in contributions to the Single Resolution Fund...
The total amount of transferred 2015 ex-ante contributions is EUR 4,3bn
National resolution funds were set up under the BRRD. For the Member States...