€474.8 million is the amount set by the European Central Bank (ECB) for its prudential supervisory fees for the banking sector in 2018, the monetary institution announced on Monday 30 April - an estimate higher than the one decided upon for 2017, which stood at €425 million.
The ECB also justifies this increase due to the costs associated with its involvement in the biannual stress tests carried out by the European Banking Authority in 2018 on large banks, but also the cost of the supervisory work relating to the forthcoming withdrawal of the United Kingdom from the European Union - which has been identified as one of its priorities for 2018 (see EUROPE 11956).
These fees and a surplus of €27.7 million carried over from the 2017 financial year will cover all expenditure for prudential supervision, estimated at €502.5 million for 2018.
Each bank's fee is calculated on the basis of its size and risk profile, using annual factors provided by all banks subject to the provincial prudential supervision of the ECB. “Important” banks will cover around 90% of the fees with the “less important” banks covering the remaining 10%.
The fee statements will be sent to each bank in October 2018. (Original version in French by Marion Fontana)