The European Central Bank publishes the ECB Regulation on supervisory fees; will take over as supervisor of banks on 4 November 2014 part of the Single Supervisory Mechanism

Posted on 30, October 2014 by | This entry was posted in Banks, Business, European Union, Financial, Germany, Management and tagged , , , . Bookmark the permalink.
  • Regulation on supervisory fees sets out how the ECB recovers its expenditures for supervising the banking sector covered by the Single Supervisory Mechanism (SSM)
  • ECB to fully assume its supervisory tasks on 4 November 2014

Frankfurt am Main, 30-10-2014 — /EuropaWire/ — The European Central Bank (ECB) has today published the ECB Regulation on supervisory fees. It was approved by the Governing Council following a public consultation which included a public hearing. The ECB will take over as supervisor of banks on 4 November 2014 as part of the Single Supervisory Mechanism (SSM). The regulation sets out the arrangements under which the ECB will levy an annual supervisory fee for the expenditures incurred in relation to its new role.

The regulation reflects comments received from interested parties during the public consultation. These responses, along with a feedback statement, and the ECB Regulation on supervisory fees have also been published on the ECB’s website.

Under the EU Regulation governing the SSM (SSM Regulation), the ECB is required to levy an annual supervisory fee on all supervised banks in order to recover its expenditures for supervision.

For media queries, please contact Rolf Benders, tel.: +49 69 1344 6925.

Banking Supervision
Feedback statement

Responses to the public consultation on the draft Regulation of the European Central Bank on supervisory fees,en

European Central Bank
Directorate General Communications and Language Services
Kaiserstrasse 29, D-60311 Frankfurt am Main
Tel.: +49 69 1344 7455
email: info@ecb.europa.eu | website: http://www.ecb.europa.eu | Media contacts

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