Munich Personal RePEc Archive

Financial Contributions and Bank Fees in the Banking Union

Orszaghova, Lucia and Miskova, Martina (2015): Financial Contributions and Bank Fees in the Banking Union. Published in: Biatec - Banking Journal of Národná banka Slovenska , Vol. 23, No. 1 (January 2015): pp. 13-18.

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Abstract

The banking union has brought substantial changes to the functioning of the financial sector in the EU, including new bank fees and contributions. This article reviews the different fees and contributions introduced by the new framework, paying particular attention to those imposed at the EU level. The crisis marked a turning point, and the focus is now on breaking the vicious cycle between private banks and public finances by transferring the costs of any future failure to the credit institutions themselves.

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