Treatment of specific liabilities - even deduction

The requirement to 1cevenly deduct 1d certain liabilities means that the notional amount of each liability which meets the requirements of Article 5(1) of the DA shall be divided by the number of the institutions which are parties to the contract, on which the liability is based and the resulting amount shall be deducted from the liabilities which constitute the contribution base of each of those institutions. In the example provided above this means that the liabilities which form the contribution base of bank B will decrease by EUR 5 and the liabilities which form the contribution base of bank A will decrease also by EUR 5 even if the banks are seated in different Member States. Disclaimer: This question goes beyond matters of consistent and effective application of the regulatory framework. A Directorate General of the Commission (Directorate General Financial Stability, Financial Services and Capital Markets Union) has prepared the answer, albeit that only the Court of Justice of the European Union can provide definitive interpretations of EU legislation. This is an unofficial opinion of that Directorate General, which the European Banking Authority publishes on its behalf. The answers are not binding on the European Commission as an institution. You should be aware that the European Commission could adopt a position different from the one expressed in such Q&As, for instance in infringement proceedings or after a detailed examination of a specific case or on the basis of any new legal or factual elements that may have been brought to its attention.