The European Central Bank (ECB) has published a consultation on a draft ECB Regulation on supervisory fees, along with an accompanying questions and answers document, a template for comments and a new webpage detailing consultation timeframes. The draft Regulation sets out the arrangements under which the ECB will levy an annual supervisory fee for the expenditure to be incurred in relation to its new role as supervisor of euro area banks under the single supervisory mechanism. It specifies the methodology for:
- determining the total amount of the annual supervisory fee;
- calculating the amount to be paid by each supervised bank or banking group; and
- collecting the annual supervisory fee.
Comments are invited on the text of the draft Regulation. The closing date for responses is 11 July 2014.
There will also be a public hearing held by the ECB on 24 June 2014.
After the consultation has closed, the ECB will publish the comments received, together with an evaluation and its response. A review of the fee framework will then be conducted in 2017.
View Public consultations – draft ECB Regulation on supervisory fees, 27 May 2014