What are the fees for SRM
BaFin - Navigation & Service
The aim of the SRM is to ensure orderly (and possibly cross-border) resolution of banks while avoiding negative effects on financial stability, the real economy and public finances.
The SRM consists of the Single Resolution Board (SRB) based in Brussels and the national resolution authorities of the participating member states. In Germany, since January 1, 2018, it has been the BaFin (until the end of 2017 the FMSA) which acts as the national resolution authority for the Federal Republic of Germany. In addition to the SRB, the Single Resolution Fund (SRF) was established as the second core element of the SRM. The SRF is financed through bank levies.
The legal basis for the SRB is the Regulation on the Single Resolution Mechanism (SRM Regulation). This came into force on August 19, 2014. Since 2016, the SRB has also assumed the role of resolution authority for institutions under the direct supervision of the ECB and for groups operating across borders within the SSM member states.
The committee meets in two different configurations: Bureau meetings and plenary meetings. BaFin - as the national resolution authority a member of the SRB - takes part in the plenary meetings and is entitled to vote here. BaFin is also involved in a meeting of the Presidium in the event that there are discussions about a German company or a foreign company with an important branch or subsidiary in Germany.
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