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 ⓘ