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Financial Stability Authority collects contributions to the resolution fund amounting to EUR 76.3 million

Publication date 1.12.2015 10.05
Press release

The contributions of individual institutions, determined by the Financial Stability Authority on 27 November 2015, are based on the size and operational risks of the institutions.

The Financial Stability Authority collects contributions from credit institutions and investment firms totalling EUR 76.3 million in 2015. The amount represents 0.1 per cent of covered deposits in Finland. At first the contributions go to the national resolution fund, but in the beginning of 2016 the contributions from credit institutions, which constitute the bulk of the contributions, are transferred to the Single Resolution Fund, which is managed by the Single Resolution Board (SRB). The bank levy that was paid in 2013–2014 is partly compensated to each deposit bank.