A network of national funds should be introduced so the cost of bank failures are not met by the taxpayer, the EU internal market commissioner has said.
Michel Barnier said such funds would provide part of a broader system aimed at preventing future financial crises.
Banks would be required to pay a levy into the funds which would not be used to bail out failing banks, but manage failures in "an orderly way".
Mr Barnier said: "I believe in the 'polluter pays' principle."
"It is not acceptable that taxpayers should continue to bear the heavy cost of rescuing the banking sector. They should not be in the front line," he said.
And of course, those lovely, warm, cuddly, philanthropic banks won't just pass the cost of the levy to their customers - otherwise known as the fucking tax payer - will they? Surely not!