The Second Chamber has approved a bill introducing a temporary resolution levy. The amount of EUR 1 billion will be charged over deposits held with banks on 1 February 2013.

The Dutch Second Chamber has approved a bill  introducing a temporary resolution levy. The amount of EUR 1 billion will be charged over deposits held with banks on 1 February 2013. The levy will be non-recurrent. Once the European Bank Recovery and Resolution Directive  comes into force, it will make these levies unnecessary. The European Parliament is expected to discuss  the directive in early 2014.

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