The ECB has published its amended Regulation on supervisory fees, which is the outcome of two public consultations. It has also updated the related Decision on the data used to calculate annual fees. The revised framework will apply from the 2020 fee period onwards.
The changes mainly concern the individual fees the ECB charges the banks it supervises and the timing of their collection. Starting from the 2020 fee period, the ECB will reduce the minimum fee for smaller less significant institutions (LSIs). To be eligible, an LSI must have total assets of €1 billion or less. Around two-thirds of LSIs will benefit from this change.
Other changes include the move to ex post invoicing, which means that banks will now be invoiced on the basis of actual costs incurred by the supervisor rather than estimated costs. The ECB will also reuse existing supervisory data to calculate fees, removing the need for a separate data collection process for most banks.
From now on the ECB will collect the fees in the second quarter of the following year for the 12 months ending in December. Fees for the 2020 fee period will therefore be collected in the second quarter of 2021.
Full press release on ECB
Amended regulation on ECB
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