Frankfurt, 6 April 2010
A Financial Sector Stabilisation Fund would constitute a useful instrument for more orderly crisis management. It should be understood as one element in a whole range of instruments.
The fund should primarily be funded by a levy on the financial industry; the levy should be reasonable in size and risk-based, recognising the risk profile of an institution. The state should make a contribution, too. Preferably, the fund should be established at the EU level. An EU-level fund would need a target size of around EUR 140-160 bn.
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