The Single Resolution Board (SRB) discussed its objectives for 2017 with members of the Banking Industry

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The discussion focused on the funding criteria for financing the administrative costs of the SRB as well as the ways in which the Resolution Fund is to be nurtured. Both budgets are to be financed by the banking industry, in another clear attempt to avoid tax payers paying for the day to day running of the institution or the consequences of resolving a major financial institution.