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Austria: IHS Against Bank Levy
Christian Keuschnigg, director of the Austrian economic research institute IHS stresses that the bank resolution funds would replace the bank levy.

In the past two years, the EU began to create a new institutional framework for the banking sector in the Eurozone. Besides the bank supervision and the deposit protection mechanism, a bank resolution funds is in the development stage. However, the progress is still slow. In total, the resolution funds will have a size of € 55bn. The resolution mechanism should enter into force by…
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