Regulatory Alerts2016-02-22
Official Information of 22 February 2016
The Czech National Bank issued this official information on 22 February 2016 to establish the annual target level of contributions to the Resolution Fund for 2016 at 2,958,854,930 CZK. This amount is calculated based on the statutory target volume of 1% of total covered deposits, adjusted by a pro-cyclicality coefficient of 1.00 to reflect the current phase of the economic cycle. The document confirms that the target volume must be reached by 31 December 2024 and that the annual contribution represents one-ninth of the total target volume.
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