EBA recommends changing basis of resolution finance
“Crucial” that new measure reflect ability to call on funds in case of resolution crisis, EBA says
The European Banking Authority (EBA) has recommended changes to how Europe's regulators calculate the amount of funds banks must contribute to resolution finance arrangements.
The resolution finance facility is paid into by all European banks and will be used under the Bank Recovery and Resolution Directive (BRRD) to supplement 'bailed in' funds when a bank needs resolution. Resolution finance funds are intended to play a "secondary role" to the funds provided by shareholders and senior
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