ECB plans to charge banks $355 million supervisory fee

European Central Bank at night
European Central Bank

The European Central Bank (ECB) plans to charge banks in the eurozone around €260 million ($355 million) to cover the costs of supervising them in 2015, it said today, in draft regulation on its supervisory fees.

The ECB will assume its supervisory responsibilities on November 4. It is creating four new directorates-general (DGs) and a secretariat in preparation, which will together be run by the equivalent of around 770 full-time staff.

This infrastructure will prove costly. According to the EC

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