EBA recommends balance between filling resolution fund and procyclicality

The EBA in London's Canary Wharf

The European Banking Authority (EBA) has recommended a balanced approach to levying the funds needed to establish Europe's Single Resolution Fund, with some consideration to procyclicality but the main focus being to reach the target level in time.

Contributions by European banks to the fund are due to begin in 2016 and will continue for eight years, until the end of 2023. The Single Resolution Board (SRB) is yet to determine the target level of the fund, but the EBA expects this to be at least

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