FROB - Autoridad de Resolución Ejecutiva, ir a inicio
  • About FROB
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Sede Electrónica
FROB - Autoridad de Resolución Ejecutiva, ir a inicio
  • About FROB
    • FROB at a glance
    • Who we are
    • Governance and organization
      • Governing Committee
      • Chair
      • Management Committee
    • Financial Reports
      • Capital and funding
      • Annual accounts
      • Budgetary information
    • Annual report on FROB´s activity
    • Procurement
      • Applicable law and contractor profile
      • Contracts excluded from LCSP
    • Recruitment
  • FROB in the SRM
    • What is banking resolution?
      • Banking resolution
      • Principles and objectives of banking resolution
      • Resolution tools
      • More information about banking resolution
    • The SRM and the Banking Union
      • The SRM and the Banking Union
      • Single Resolution Board (SRB)
    • Resolution framework in Spain
      • Resolution in Spain
      • FROB as the national executive resolution authority
    • Resolution Funds
      • National Resolution Fund
      • Single Resolution Fund
      • Contributions to the Resolution Funds
      • SRF – NRF comparison
    • Resolution Decisions within the SRM
    • EU Legislation
  • FROB´s first years
    • Fund for Orderly Bank Restructuring
    • Financial support granted
      • Figures of FROB’s activity
      • Figures by entities
      • Guarantees
    • Legislation
    • FROB Resolution Decisions
    • Shareholdings
      • Sareb
      • BFA
  • Press and publications
    • Press releases and information notes
    • Public engagements and publications
    • Press Contact details
    • Media resources
    • Policy on FROB LinkedIn use
  • Transparency portal
    • Annual Accounts
    • Budgetary information
    • Average period of payment to suppliers
    • Court of Auditors’ reports
    • Management Remuneration
    • Statistical data on procurement
    • Cooperation agreements
    • Register of data processing activities
    • Access to public information
    • Refusal decisions on Transparency
    • Whistleblower channel
    • Internal regulations
    • National Security Framework
  • ENG
    • ESP
    • ENG
    • CAT
    • GLG
    • EUS
    • VAL
  • ENG
    • ESP
    • ENG
    • CAT
    • GLG
    • EUS
    • VAL
Sede Electrónica
  • About FROB
    • FROB at a glance
    • Who we are
    • Governance and organization
      • Governing Committee
      • Chair
      • Management Committee
    • Financial Reports
      • Capital and funding
      • Annual accounts
      • Budgetary information
    • Annual report on FROB´s activity
    • Procurement
      • Applicable law and contractor profile
      • Contracts excluded from LCSP
    • Recruitment
  • FROB in the SRM
    • What is banking resolution?
      • Banking resolution
      • Principles and objectives of banking resolution
      • Resolution tools
      • More information about banking resolution
    • The SRM and the Banking Union
      • The SRM and the Banking Union
      • Single Resolution Board (SRB)
    • Resolution framework in Spain
      • Resolution in Spain
      • FROB as the national executive resolution authority
    • Resolution Funds
      • National Resolution Fund
      • Single Resolution Fund
      • Contributions to the Resolution Funds
      • SRF – NRF comparison
    • Resolution Decisions within the SRM
    • EU Legislation
  • FROB´s first years
    • Fund for Orderly Bank Restructuring
    • Financial support granted
      • Figures of FROB’s activity
      • Figures by entities
      • Guarantees
    • Legislation
    • FROB Resolution Decisions
    • Shareholdings
      • Sareb
      • BFA
  • Press and publications
    • Press releases and information notes
    • Public engagements and publications
    • Press Contact details
    • Media resources
    • Policy on FROB LinkedIn use
  • Transparency portal
    • Annual Accounts
    • Budgetary information
    • Average period of payment to suppliers
    • Court of Auditors’ reports
    • Management Remuneration
    • Statistical data on procurement
    • Cooperation agreements
    • Register of data processing activities
    • Access to public information
    • Refusal decisions on Transparency
    • Whistleblower channel
    • Internal regulations
    • National Security Framework
  • ENG
    • ESP
    • ENG
    • CAT
    • GLG
    • EUS
    • VAL
  • About FROB
    • FROB at a glance
    • Who we are
    • Governance and organization
      • Governing Committee
      • Chair
      • Management Committee
    • Financial Reports
      • Capital and funding
      • Annual accounts
      • Budgetary information
    • Annual report on FROB´s activity
    • Procurement
      • Applicable law and contractor profile
      • Contracts excluded from LCSP
    • Recruitment
  • FROB in the SRM
    • What is banking resolution?
      • Banking resolution
      • Principles and objectives of banking resolution
      • Resolution tools
      • More information about banking resolution
    • The SRM and the Banking Union
      • The SRM and the Banking Union
      • Single Resolution Board (SRB)
    • Resolution framework in Spain
      • Resolution in Spain
      • FROB as the national executive resolution authority
    • Resolution Funds
      • National Resolution Fund
      • Single Resolution Fund
      • Contributions to the Resolution Funds
      • SRF – NRF comparison
    • Resolution Decisions within the SRM
    • EU Legislation
  • FROB´s first years
    • Fund for Orderly Bank Restructuring
    • Financial support granted
      • Figures of FROB’s activity
      • Figures by entities
      • Guarantees
    • Legislation
    • FROB Resolution Decisions
    • Shareholdings
      • Sareb
      • BFA
  • Press and publications
    • Press releases and information notes
    • Public engagements and publications
    • Press Contact details
    • Media resources
    • Policy on FROB LinkedIn use
  • Transparency portal
    • Annual Accounts
    • Budgetary information
    • Average period of payment to suppliers
    • Court of Auditors’ reports
    • Management Remuneration
    • Statistical data on procurement
    • Cooperation agreements
    • Register of data processing activities
    • Access to public information
    • Refusal decisions on Transparency
    • Whistleblower channel
    • Internal regulations
    • National Security Framework
  • ENG
    • ESP
    • ENG
    • CAT
    • GLG
    • EUS
    • VAL
Sede Electrónica

Single Resolution Fund

FROB / FROB in the SRM / Resolution Funds / Single Resolution Fund

Single Resolution Fund

Single Resolution Fund

Applicable regulations

Resolution funds, which may be used by resolution authorities in certain circumstances, comprise contributions of the credit institutions and investment firms established in Spain (as well as the contributions from branches of the credit institutions of the other member countries of the Banking Union, in the case of the Single Resolution Fund).

In the particular case of the Single Resolution Fund (hereinafter, “SRF”), an objective has been set to collect a minimum amount equivalent to 1% of the credit institutions’ covered deposits, which must be achieved by 31 December 2023 (i.e., by the end of the initial eight-year period as from 1 January 2016). During the first months of 2024, the SRB has verified that the financial resources available in the SRF reaches the target level of at least 1% of the covered deposits held in the Banking Union as of 31 December 2023, and has made public that the SRF target has been achieved and that therefore there will be no contributions in 2024.

Pursuant to Regulation (EU) 806/2014, FROB is only authorised to collect contributions comprising this fund and to transfer them. Consequently, the annual contributions to the fund and the ordinary contributions of each entity are set by the SRB.

Within this framework, FROB’s activity primarily focuses on carrying out the steps needed to effectively determine and collect contributions and, specifically:

  • Identify the entities required to contribute to the SRF and to the NRF, with the collaboration of national supervisors, Banco de España and CNMV.
  • Obtain from entities the data needed to calculate the contributions for each entity.
  • Perform an initial assessment of the quality of the data reported by institutions by comparing it with the information reported in previous years and the information collated by the Banco de España, the CNMV and the Deposit Guarantee Fund (DGF).
  • Declare and collect the contributions of Spanish credit institutions and investment firms that are subsidiaries of such entities, transferring the contributions to the SRF.
  • Act as point of contact for any queries or requests from entities required to make contributions.
  • Commission Delegated Regulation (EU) 2015/63 of 21 October 2014 supplementing Directive 2014/59/EU of the European Parliament and of the Council with regard to ex ante contributions to resolution financing arrangements.
  • Council Implementing Regulation (EU) 2015/81 of 19 December 2014specifying uniform conditions of application of Regulation (EU) No 806/2014 of the European Parliament and of the Council with regard to ex ante contributions to the Single Resolution Fund.
  • Agreement on the transfer and mutualisation of contributions to the Single Resolution Fund.

FROB in the SRM

  • What is banking resolution?
    • Banking resolution
    • Principles and objectives of banking resolution
    • Resolution tools
    • More information about banking resolution
  • The SRM and the Banking Union
    • The SRM and the Banking Union
    • Single Resolution Board (SRB)
  • Resolution framework in Spain
    • Resolution in Spain
    • FROB as the national executive resolution authority
  • Resolution Funds
    • National Resolution Fund
    • Single Resolution Fund
    • Contributions to the Resolution Funds
    • SRF – NRF comparison
  • Resolution Decisions within the SRM
  • EU Legislation

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