Irish central bank proposes staggered rise in financial industry levy

The Central Bank of Ireland

The Central Bank of Ireland announced changes to the proposed increase in the levy it charges financial institutions today (September 30).

The bank now proposes to raise the levy by "approximately 29%", a spokesman said in an email to Central Banking. It is aiming at "a proposed collection of €66.2m in levies for the 2015 against a €51.5m charge in 2014".

The spokesman added the new figure was approximately "8% lower than the number of €71.7m communicated to industry bodies in August", and

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