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Special Treatment for Small Eurozone Banks

Germany wins reduction in the amount small banks have to pay into the EU's Single Resolution Fund.

By Jim Brunsden, Bloomberg | Updated on October 21, 2014

Germany secured a partial victory in its bid to shield its smaller banks from paying fees to the euro area’s new crisis fund, as the European Commission set a cap on the contributions.

In the system laid out today by the commission, the European Union’s (EU’s) executive arm, larger banks will pay the lion’s share of levies to fill the planned 55 billion-euro (US$70 billion) common resolution fund based on their size and risk-taking. Smaller banks will pay according to a scale of flat fees.

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