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Member states participating in the banking union agree to put in place a system of bridge financing arrangements in order to ensure sufficient funding to the SRF during the transitional period, as of 2016, each participating member state will enter into a harmonized loan facility agreement with the Single Resolution Board (SRB), providing a national individual credit line to the SRB to back its national compartment in the SRF in case of possible funding shortfalls following resolution cases of banks of the Member State concerned.

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Reuters 9 years ago

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    "European Union finance ministers Quotes." Quotes.net. STANDS4 LLC, 2024. Web. 22 Dec. 2024. <https://www.quotes.net/citizen-quote/150518>.

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