In addition to the new harmonized rules on bank resolution, Europe also needs a unified resolution authority, called the Single Resolution Mechanism, with access to a Resolution Fund. The design of these institutions is under intensive negotiation. Most likely they will start  BIS central bankers’ speeches  3  as an intergovernmental structure but the EU community elements will be reinforced over time.
BIS central bankers’ speeches  5  Appendix: Summary of the decree law’s main provisions A.1  Measures that increase revenue  The decree produces increased revenue of € billion in 2012, € billion in 2013 and € billion in 2014. Most of the increase comes from the taxation of real estate and excise duties.