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24th September 2020
Banking & Finance

Analysis: “The SRB’s decision-making process under scrutiny again” by Laura Wissink

On 23 September 2020, the General Court delivered its judgments in cases Landesbank Baden-Württemberg v CRU (T-411/17), Hypo Vorarlberg Bank v CRU (T-414/17), and Portigon v CRU (T-420/17) in which it annulled the Decision of the Executive Session of the Single Resolution Board (SRB) of 11 April 2017 on the calculation of the ex ante contributions to the Single Resolution Fund (SRF) for 2017 in so far it concerned the applicants’ contributions.

The SRF was created to ensure an efficient application of the resolution tools and is financed by the institutions themselves. The ex ante contributions to the SRF are raised annually: the Single Resolution Board (SRB) is responsible for calculating the ex ante contributions and the Nationa

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