Bank levy progresses, but slowly

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Title: Bank levy progresses, but slowly
Author: Haajanen, Jyrki
Series: Bank of Finland. Financial market report
Series number: 2
Year of publication: 2010
Publication date: 23.7.2010
Pages: 20-21
Keywords: pankkitoiminta; sääntely; pankkikriisit; kansainvälinen; vakausmaksut
JEL: G20
Abstract: The financial crisis has increased demands that the banking sector contribute more to the costs of crises. The EU Commission has proposed the establishment of national resolution funds that would be funded by a levy on banks and used for the resolution of future financial crises. Initiatives for a global bank tax are however progressing slowly, as G20 finance ministers were unable to agree on a common approach to a bank levy.

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