The ECB, acting as European supervisor in the framework of banking union in the Eurozone, on Friday 28 April put a price-tag of €425 million for 2017 on the costs related to prudential supervision, an increase of some 10% on 2016.
The charges payable by major banks will represent 92% of the total (€391 million), with the remaining 8% (€34 million) to be paid by smaller banks. This will cover the various activities that make up the ECB's prudential priorities for 2017. The increase also...