Annex – comparison of main features of national bank levies
Germany
Objective/destination Resolution fund
France
General budget
Further details in the
September budget
Hungary
General budget
Levy Basis
Bank's business volume,
size, degree of
integration in financial
markets. Liabilities to
other financial
institutions will be
considered.
A twofold base:
o
balance sheet
total minus liable
capital and
liabilities to
customers
o
value of
derivatives held
off balance sheet.
Capped at 15% of credit
institutions' annual
profits
"targeted on most risky
business of banks"
Sweden
Stability Fund (finance
measures to counteract
risk of serious
disturbance to SE
financial system)
On the basis of
The fee, which
0.5 percent of
amounts to 0.036 %
banks’ assets over per annum, is levied on
HUF 50 billion
the institution's
(app. EUR 180 m) liabilities (excluding
at the end of 2009 equity capital and
some junior debt
securities) according to
an approved balance
sheet.
Only 50% of the fee
will be charged in
2009 and 2010.
UK
General budget
Total liabilities (i.e.
both short and long
term
liabilities)
excluding:
•
•
•
Tier 1 capital;
insured retail
deposits;
repos secured
on sovereign
debt; and
policyholder
liabilities of
retail insurance
businesses
within banking
groups.
•
Scope
Credit institutions (i.e.
Prefer a broad scope
carrying out regulated
banking activities such as
Banks, insurers,
brokers, and other
financial service
7
New proposals planned
for 2011 on the
possible design of a
risk-differentiated fee
in a combined system
with the deposit
guarantee scheme
Banks and other credit Banks with aggregate
institutions
liabilities of £20 bln or
incorporated in
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