EBA: banks must fill resolution fund but support can fluctuate

Time-varying contributions would mitigate pro-cyclicality

canary-wharf-night
The EBA in London's Canary Wharf district

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 pro-cyclicality 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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