The Single Resolution Board announced that the Single Resolution Fund (SRF) continued to meet its target level at the end of 2024, meaning banks will not need to make contributions to the SRF for 2025 unless circumstances change. The SRF, which is industry-funded and managed by the SRB to support orderly resolution and underpin market confidence, is required to reach at least 1% of covered deposits in Banking Union Member States. As of 31 December 2024, the SRF stood at EUR 80 billion, above the 1% covered-deposits threshold. The SRB will verify the target level again towards the beginning of 2026, and no collection of annual contributions is foreseen until that next verification exercise unless the funds are needed.
Single Resolution Board 2025-02-10
Single Resolution Board confirms no additional Single Resolution Fund bank contributions are needed for 2025 as the Fund remains above its target level
The Single Resolution Board confirmed that the Single Resolution Fund (SRF) met its target level of EUR 80 billion, exceeding the 1% threshold of covered deposits in Banking Union Member States as of 31 December 2024. Consequently, banks will not need to contribute to the SRF in 2025 unless circumstances change. The SRB will reassess the target level in early 2026.