As part of a credible resolution framework, bank levies (possibly accumulated in resolution funds) could possibly be considered. However, a levy on banks should be seen as a complementary tool in the set of instruments aiming at increasing the loss absorbency of systematically important banks – notably capital and liquidity surcharges, and contingent capital.
The Financial Stability Board is currently exploring several options, in particular on contingent convertible capital and bail-in debt instruments. To this end, I welcome the fact that the European Commission is considering bank levies and bail-in in its plans for the future EU crisis management framework.