Updated 07/09/2024
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Version from: 13/05/2024
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Article 72 - Voluntary borrowing between resolution financing arrangements

Article 72

Voluntary borrowing between resolution financing arrangements

1.  

The Board shall decide to make a request to voluntarily borrow for the Fund from resolution financing arrangements within non-participating Member States, in the event that:

(a) 

the amounts raised under Article 70 are not sufficient to cover the losses, costs or other expenses incurred by the use of the Fund in relation to resolution actions;

(b) 

the extraordinary ex-post contributions provided for in Article 71 are not immediately accessible; and

(c) 

the alternative funding means provided for in Article 73 are not immediately accessible on reasonable terms.

2.  
Those resolution financing arrangements shall decide on such a request in accordance with Article 106 of Directive 2014/59/EU. The borrowing conditions shall be subject to Article 106(4), (5) and (6) of Directive 2014/59/EU.
3.  
The Board may decide to lend to other resolution financing arrangements within non-participating Member States if a request is made in accordance with Article 106 of Directive 2014/59/EU. The lending conditions shall be subject to Article 106(4), (5) and (6) of Directive 2014/59/EU.