Irish central bank may spread higher levy on finance industry over time
Bank argues non-bank financial institutions must meet 100% of regulatory costs
The Central Bank of Ireland may alter its proposal to increase its levy on financial institutions after industry protests, according to a spokesperson.
While the central bank indicated it was considering a proposal to spread the increase in the levy over several years, it reiterated its support for raising the levy on non-banks.
The bank's regulation costs are funded by a levy on the Irish financial industry, which must be approved annually by the country's minister of finance. A central bank
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