The Single Resolution Fund (risk of bank failures)
4.1.2021
Question for written answer E-000014/2021/rev.1
to the Commission
Rule 138
Hélène Laporte (ID)
The European Court of Auditors has warned of potential future risks to the resolution of bank failures in the EU.
As of 15 June 2020, there were 107 cases before the Court of Justice of the European Union contesting resolution and non-resolution decisions, and 23 concerning ex ante contributions to the Single Resolution Fund.
The Single Resolution Board (SRB) had also been informed that a further 2 112 cases had been brought at national level.
The majority of the resolution cases pending before EU and national courts are contesting the ruling in favour of Banco Popular in 2017 and the ex ante contributions made by banks in advance to finance the Single Resolution Fund.
- 1.Does the Commission believe that the SRB pre-empted the financial implications of certain rulings, given that the it was only recently informed of some cases and the Court has found the legal framework underlying the calculation method used to be partially illegal?
- 2.Have the proceedings on the two Latvian banks owned by ABLV Group and PNB Banka challenging the legality of the legal framework led to a different approach to risks?