The European Association of Co-operative Banks welcomes the aim of the ECB to simplify the fee calculation process and reduce the bureaucratic burden for banks. In particular, we also appreciate the move to an ex-post approach to determining annual fees. With regard to smaller institutions we welcome the approach to make the fee notices available in all official languages of the European Union. However, the threshold of total assets below €500 million for the reduction of the minimum fee for LSIs is too low.
For more information please download the full position paper.