Friday, 14 June 2019

Financial Institutions Supervisory Levies 2019-20

AIST believes that it is important that regulators are well resourced to conduct their supervisory duties however recommends that the raising of any levies on the industry to cover this should be on a risk-weighted basis. In order to make an informed assessment of the proposed levies, it is imperative that in the future any discussion paper should be released simultaneously with a Cost Recovery Impact Statement and an updated Regulator Performance Assessment.