The Central Bank has published an FAQ document on the bank and investment firm resolution fund levy dealing with the following issues:

  • What is the Bank Recovery and Resolution Directive (BRRD)?
  • How has the BRRD been implemented in Ireland?
  • What is the Single Resolution Mechanism?
  • What is the Bank and Investment Firm Resolution Fund?
  • Is this the first time that institutions are contributing to a fund?
  • Why are banks and investment firms being levied now? and
  • Why is this additional levy needed?