Written Question: Opacity of contributions to the SRF

(Source: European Parliament)

Date submitted: 24 March 2021

Question for written answer E-001642/2021
to the Commission
Rule 138
Francesca Donato (ID), Marco Zanni (ID), Antonio Maria Rinaldi (ID), Valentino Grant (ID)

At its most recent industry dialogue, the SRB decided to go ahead and receive contributions from banks without even paying lip service the Court of Justice’s decision on the correct method and reasoning for such contributions.

In September 2020, the Court ruled against the SRB in three cases(1) and overturned the SRB’s decision establishing the contributions to the SRF on grounds of opacity, declaring Delegated Regulation 2015/63 to be partially unlawful.

What does the Commission intend to do in its reviews of the DGSD, the SRMR and the BRRD to ensure the lawfulness of contributions to the SRF and of the banking system as a whole?

(1) Judgments of the General Court of the European Union in the Landesbank Baden-Württemberg (LBW), Portigon and Hypo Vorarlberg Bank cases.

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