SRF-NRF Comparison

Applicable legislation

Regulation (EU) 806/2014 of the European Parliament and of the Council of 15 July 2014, in relation to the established method and frequency. Council implementing Regulation (EU) 2015/81 of 19 December 2014, in relation to the calculation of the annual contribution. Commission Delegated Regulation (EU) 2015/63 of 21 October 2014, in relation to the development of the contribution calculation method.

Law 11/2015, of 18 June, on recovery and resolution of credit institution and investment firms. Commission Delegated Regulation 2015/63 of 21 October 2014 in relation to the development of the contribution calculation method.

Authority responsible

Management of the fund

SRB

FROB

Determination of target level

SRB

FROB

Calculation of contributions

SRB

FROB

Collection

FROB⁽¹⁾

FROB

Calculation of contributions

The proportion that each one of the institutions concerned represents in terms of total liabilities, excluding own funds and covered deposits, is taken into account. This result is the adjusted to the risk profile of each institution.

Affected institutions

Credit institutions established in the participating Member States. Investment firms in a banking group subject to EBC supervision.

Spanish investment firms not integrated into a banking group. Branches in Spain of credit institutions and investment firms established in third countries

Current Volume⁽²⁾

65.9 billion euros (target 1% of the covered deposits at the end of 2023, estimated at 77.6 billion euros)

12.66 million euros

Compartments and mutualization

During the transition period, the contributions that the institutions provide to the SRB are assigned to the different national compartments so that different national compartments so that each Member State of the Banking Union has its own compartment. The compartments are being gradually merged over eight years and will cease to exist at the end of 2023.

Not established