On 11 April 2019, the European Central Bank (ECB) launched a public consultation on proposed changes to the ECB Regulation on supervisory fees. The proposed amendments mainly concern the individual fees the ECB levies on the banks it supervises and the timing of their collection. Most importantly, the proposals will result in the ECB calculating the fees based on the supervisory costs actually incurred and levying them at the end of the feeing cycle. This makes the process more efficient in comparison with the current approach, under which the ECB estimates the fees and levies throughout the year. The ECB also states that the amendments will result in the ECB reducing the minimum fee for around half of the indirectly supervised banks, specifically the smallest ones. The deadline for comments on the consultation is 6 June 2019.