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EU Central Bank Proposes Changes To Regulatory Fees

Law360, London (April 12, 2019, 3:56 PM BST) -- The European Central Bank has proposed changes to the way that it levies supervisory fees to ensure that financial institutions pay the actual amount that the authority has spent on regulation at the end of the year, rather than funding estimates of costs during the 12 months.

The ECB said it drew up plans to revise the way it charges for its regulatory costs after hearing responses from finance companies and national regulators on ways to make the process more efficient. The variable fee is currently calculated using a methodology that weighs each bank’s importance and risk profile, measured by its...

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