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AIST supports focussed and properly resourced regulators however recommends that the raising of any levies on the industry to cover this should be on a risk-weighted basis. Furthermore, in order to make an informed assessment of the annual levies, it is imperative that in the future the annual ‘Proposed Financial Institutions Levies’ paper should be released simultaneously with a Cost Recovery Impact Statement and an updated Regulator Performance Assessment.
13 September 2019