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Brexit: Bank supervision costs exploit for European banks


for Ismail Benbaba 04/30/2019 at 11:26 p.m.


© Copyright: DR

Kiosque360. € 576 million is the amount of the rights that European banks will have to pay this year. This amount rises 21.3% over the previous year, mainly due to Brexit. Explanations.

According to the French newspaper The Tribunethe appropriate fees for European banks in the ECB (Central European Bank) will increase by 21% this year, due to the increase in staff necessary to oversee the activities transferred from the UK in particular.

In an article published April 30, on its site, the newspaper explains that European banks will have to pay 576 million euros, an increase of 21.3% during the year Lately, adding that banks will receive their bill in October. "The largest, subject to the direct supervision of the ECB (119 entities, including 12 with their headquarters in France, including BNP Paribas, BPCE, Crédit Agricole, Crédit Mutuel, Société Générale) will pay 91% of these quotas and the smallest financial institutions, supervised directly by the national regulators, the balance, "we learn.

Keep in mind that the rate is, in fact, established based on the size and risk profile of the bank. For its part, the ECB says that the increase in estimated spending is mainly due to the increase in the number of staff, due to the transfer or increase of the activities of certain banks, given the departure of the United Kingdom of the Union. The European Union and the preparation of related preparatory evaluations. indicates that foreign banks that had their European subsidiary in the United Kingdom created, in recent months, entities capitalized and relocated to the EU, Dublin, Frankfurt or Paris, most of the time to meet the requirements of supervisors It should be noted that transfers of assets that will take place in the context of the Brexit in London to the rest of the EU are estimated at more than 1,100 million euros per EY.

According to, of the estimated 559 million euros in supervisory costs, the salaries of more than 2,500 ECB employees in Europe amount to 264 million euros. It is also found that other costs come from an integral assessment of six Bulgarian banks, with the purpose of initiating negotiations in close cooperation with Bulgaria and restructuring the cooperative banking sector in Italy.

By Ismail Benbaba

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