Single Resolution Fund

E457846

The Single Resolution Fund is a pooled financial backstop for euro area banks, financed by the banking sector and used to support the orderly resolution of failing institutions under the EU’s banking union framework.

All labels observed (1)

Label Occurrences
Single Resolution Fund canonical 4

How this entity was disambiguated

Statements (46)

Predicate Object
instanceOf European Union financial stability mechanism
resolution fund
administeredBy Single Resolution Board
aimsTo break the bank-sovereign nexus in the euro area
ensure uniform application of resolution tools and powers
appliesTo banks established in participating Member States
cross-border bank resolution cases in the banking union
euro area banks
beneficiary depositors and taxpayers through reduced bailout risk
contributionMethod ex-ante contributions
ex-post contributions in exceptional circumstances
country European Union
financedBy banking sector
contributions from certain investment firms
contributions from credit institutions
goal reach target level of at least 1% of covered deposits of participating banks
governedBy Single Resolution Board resolution decisions
hasAbbreviation SRF
hasPart mutualised part of the fund
national compartments (during transitional period)
hasTemporalCoverage transitional period 2016–2023 for progressive mutualisation
headquartersLocation Brussels
linked to: Brussels, Belgium
legalBasis Intergovernmental Agreement on the transfer and mutualisation of contributions to the Single Resolution Fund
Regulation (EU) No 806/2014
locatedIn euro area
ownedBy participating Member States of the banking union
partOf EU bank resolution framework
European banking union
purpose minimise use of public funds in bank resolutions
protect financial stability in the euro area
support orderly resolution of failing banks
relatedTo European Stability Mechanism
Single Resolution Mechanism
Single Supervisory Mechanism
replaces national resolution financing arrangements for significant banks in the euro area
riskBased true
sector banking
startTime 2016
supervisedBy Council of the European Union
European Commission
usesCurrency euro
usesInstrument asset separation tools
bail-in of shareholders and creditors before fund resources
bridge institutions
sale of business tools
website https://www.srb.europa.eu/en/content/single-resolution-fund

How these facts were elicited

Referenced by (4)

Full triples — surface form annotated when it differs from this entity's canonical label.

Single Resolution Board hasPart Single Resolution Fund
Single Resolution Board usesFund Single Resolution Fund
subject linked to: SRB
Conseil de résolution unique manages Single Resolution Fund
European Banking Union usesInstrument Single Resolution Fund