The purpose of the Resolution Fund is to provide a means of dealing with distressed financial institutions. The purpose of the Fund is to have funds available that can be used in the event of a threat to the stability of a financial institution so that it does not have to cease to exist and start paying deposit claims to its customers. The use of these funds is decided by the Czech National Bank as the competent resolution authority. This measure may only be applied under the conditions that the institution is failing or can reasonably be expected to fail, there are no other supervisory or private sector measures that would avert the failure of the institution in the short term and the resolution is in the public interest. The objective is to strengthen the stability of the financial sector, minimise costs and damages and, where possible, eliminate the use of public funds. Not only financial institutions already participating in the deposit insurance scheme, but also some securities dealers contribute to the Resolution Fund. The resources of the CRF are to be at least 1% of covered deposits by 2024. The level of contributions is set by the CNB and depends on the size of the institution and its risk profile.