The maximum annual amount of extraordinary ex post contributions to resolution financing arrangements that are allowed to be called is currently limited to three times the amount of the ex ante contributions. After the initial build-up period provided for in Directive 2014/59/EU, such ex ante contributions will, in circumstances other than the use of the resolution financing arrangements, depend only on variations in the level of covered deposits and are therefore likely to become small. Setting the maximum amount of extraordinary ex post contributions on the basis of ex ante contributions could therefore have the effect of drastically limiting the possibility for resolution financing arrangements to raise ex post contributions, thereby reducing their capacity for action. To avoid such an outcome, a different limit should be provided for and the maximum amount of extraordinary ex post contributions allowed to be called should be set at three times one-eighth of the target level of the resolution financing arrangement concerned.
Text as published in the Official Journal, reproduced verbatim (including any typographical quirks of the source). For the authentic version, see EUR-Lex.
