March 30 2021

GBIC comments on the consultation on the 2021 ex-ante SRF contributions calculation

According to the German Banking Industry Committee (GBIC), the calculation procedure for the ex-ante contributions to the Single Resolution Fund still lacks transparency. The GBIC is of the opinion that, in order to to avoid legal disputes, the upcoming calls for contributions should be considered as provisional as long as there is no decision on the matter by the European Court of Justice. In addition, from the point of view of the GBIC, the format chosen for the consultation does not do justice to the complexity and importance of the topic for European banks.

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