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Single resolution fund will be costly for Finnish banks

The ECOFIN council’s new political agreement means that Finnish banks and other credit institutions will be required to pay more than a billion euros to the Single Resolution Fund (SRF). The Federation of Finnish Financial Services thinks that the amount is large and that it will be a significant financial burden on Finnish credit institutions.

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Federation of Finnish Financial Services

Bulevardi 28
FI-00120 Helsinki

What is FFI?

FFI is a trade body which represents financial
companies. Our objective is to secure a benign
operating environment, well-functioning financial
market and effective payment systems. We also
promote loss prevention in addition to social
welfare and safety.

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