Featured Product

    BaFin Announces Contribution of German Firms to Single Resolution Fund

    July 21, 2020

    As the national resolution authority in Germany, BaFin announced that German institutions have contributed the bank levy worth EUR 2.23 billion to the Single Resolution Fund. By the end of 2023, the Single Resolution Fund is expected to reach its target volume of 1% of covered deposits of the banks in the member states, in accordance with the statutory requirements.

    In Germany, nearly 1, 411 institutions are subject to these contributions, with EUR 1.34 billion of contributions by large and regional banks, EUR 392 million by state banks and top institutions in the savings and cooperative sector, EUR 145 million by institutions such as mortgage banks and financial service providers, EUR 217 million by savings banks, and EUR 133 million by cooperative banks. In addition, BaFin also raised about EUR 16.6 million from 66 EU branches, subject to contributions from third-country institutions and CRR investment firms under its supervision. BaFin manages these funds nationally. In total, the member states have raised nearly EUR 9 billion from 3,066 institutions subject to contributions through the 2020 bank levy for the Single Resolution Fund.


    Related Link (in German): Press Release


    Keywords: Europe, EU, Germany, Banking, Single Resolution Fund, Resolution Framework, CRR Investment Firms, SRB, BaFin

    Related Articles

    CFPB Finalizes Rule on Small Business Lending Data Collection

    The Consumer Financial Protection Bureau (CFPB) published a final rule that sets out data collection requirements on small business lending, under section 1071 of the Dodd-Frank Act.

    March 30, 2023 WebPage Regulatory News

    BCBS to Consult on Pillar 3 Climate Risk Disclosures by End of 2023

    The Bank for International Settlements (BIS) published a summary of the recent Basel Committee (BCBS) meetings.

    March 23, 2023 WebPage Regulatory News

    FINMA Approves Merger of Credit Suisse and UBS

    The Swiss Financial Market Supervisory Authority (FINMA) has approved the takeover of Credit Suisse by UBS.

    March 21, 2023 WebPage Regulatory News

    BOE Sets Out Its Thinking on Regulatory Capital and Climate Risks

    The Bank of England (BOE) published a working paper that aims to understand the climate-related disclosures of UK financial institutions.

    March 13, 2023 WebPage Regulatory News

    US Congress Report Examines Data Privacy and Cybersecurity Regulations

    The U.S. Congressional Research Service published a report on banking, data privacy, and cybersecurity regulation.

    March 13, 2023 WebPage Regulatory News

    OSFI Finalizes on Climate Risk Guideline, Issues Other Updates

    The Office of the Superintendent of Financial Institutions (OSFI) is seeking comments, until May 31, 2023, on the draft guideline on culture and behavior risk, with final guideline expected by the end of 2023.

    March 12, 2023 WebPage Regulatory News

    EU to Conduct One-Off Scenario Analysis to Assess Transition Risk

    The European authorities recently made multiple announcements that impact the banking sector.

    March 10, 2023 WebPage Regulatory News

    APRA Assesses Macro-Prudential Policy Settings, Issues Other Updates

    The Australian Prudential Regulation Authority (APRA) published an information paper that assesses its macro-prudential policy settings aimed at promoting stability at a systemic level.

    March 07, 2023 WebPage Regulatory News

    BIS Paper Examines Impact of Greenhouse Gas Emissions on Lending

    BIS issued a paper that investigates the effect of the greenhouse gas, or GHG, emissions of firms on bank loans using bank–firm matched data of Japanese listed firms from 2006 to 2018.

    March 03, 2023 WebPage Regulatory News

    HMT Mulls Alignment of Ring-Fencing and Resolution Regimes for Banks

    The HM Treasury (HMT) is seeking evidence, until May 07, 2023, on practicalities of aligning the ring-fencing and the banking resolution regimes for banks.

    March 02, 2023 WebPage Regulatory News
    RESULTS 1 - 10 OF 8810