14th June 2019

Funding the Cost of Financial Regulation

The Central Bank is issuing guidance on the path towards financial services firms paying 100 per cent of the costs of financial services regulation and supervision. The approach has been agreed with the Department of Finance and is based on a “user pays” principle to reduce and ultimately eliminate the taxpayer paying some of the costs of financial regulation. In the future, levies will be based on incurred costs, so the 2019 levies will issue in 2020. Click here for a copy of the Press Release from the Central Bank of Ireland.