Commission has issued a memo stating that it has adopted a Delegated Act and a Draft Proposal for a Council Implementing Act to calculate the contributions of banks to the national resolution funds and to the Single Resolution Fund. The delegated act will determine how much individual credit institutions will have to pay each year to their respective resolution funds according to the bank's size and risk profile. The draft proposal for a Council implementing act specifies the methodology for the calculation of contributions from financial institutions in the Banking Union to the Single Resolution Fund.