As a general rule, the draft RRD requires member states to set up resolution funds, which are to be funded ex-ante by banks. Within ten years they should reach a target level of 0.8% of covered deposits.
The next step for us is to continue to gather feedback on our proposal from a wide range of stakeholders, including local communities. In addition to participating in conversations like this one today, we hope to receive as many comments as possible through our formal comment process, which has a deadline of February 16, 2021.