(Changes "billion" to "million" in last paragraph)
FRANKFURT, April 28 The European Central Bank
has raised by 10 percent the annual fee it levies on euro zone
lenders for supervising them, so that it can hire more staff and
pay for a review of the models that large banks use to gauge
risk, it said on Friday.
Some lenders, particularly in Germany, have complained of
excessive requests for information and higher costs since the
ECB took over as the euro zone's top banking watchdog in late
2014, tasked with cleaning up the sector.
Euro zone banks will be charged a total 425 million euros
($463.80 million) for this year, up by just over 10 percent
compared to what the ECB spent on banking supervision in 2016.
Banks that are directly on the ECB's watch will foot 92
percent of the bill, with smaller firms supervised by national
authorities paying for the balance.
"Predominantly, the increase relates to work associated with
the targeted review of internal models (TRIM)," the ECB said.
Ratings agency Moody's said last month TRIM could result in
the ECB demanding that banks hold more capital against the risk
The ECB spent 382.2 million euros on supervising banks last
year, 41.1 million euros less than it had expected.
($1 = 0.9163 euros)
(Reporting By Francesco Canepa; Editing by Catherine Evans)